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5015 39th St - ABS. NET 20-YEAR CAR WASH | #1 TEXAS OPERATOR 1,101 SF Specialty Building Offered at $5,353,574 at a 6.10% Cap Rate in Groves, TX 77619
Investment Highlights
- 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
- Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation.
- Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System.
- 100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation.
- Strategic Alliance with ClearWater Express Wash Creates 95+ Locations Nationwide Reinforces Long-Term Stability, Scale, and Growth Potential.
- Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success: The Car Wash Business is a Highly Segmented Industry.
Executive Summary
Absolute Net 20-Year Car Wash | #1 Texas Operator | 100% Year End Bonus Depreciation Tax Savings | 1.5% Annual increases
Property Facts
| Price | $5,353,574 | Building Class | B |
| Price Per SF | $1,480.93 | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 3,615 SF |
| Cap Rate | 6.10% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Car Wash |
| Price | $5,353,574 |
| Price Per SF | $1,480.93 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 3,615 SF |
| No. Stories | 1 |
| Year Built | 2022 |
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Property Taxes
| Parcel Number | 020330-000-000300-00000 | Improvements Assessment | $345,470 |
| Land Assessment | $151,153 | Total Assessment | $496,623 |
Property Taxes
Parcel Number
020330-000-000300-00000
Land Assessment
$151,153
Improvements Assessment
$345,470
Total Assessment
$496,623
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5015 39th St - ABS. NET 20-YEAR CAR WASH | #1 TEXAS OPERATOR
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