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512 K Ave - Raceway Car Wash 4,205 SF Specialty Building Offered at $6,762,600 at a 6% Cap Rate in Plano, TX 75074



INVESTMENT HIGHLIGHTS
- Exceptional location
- Explosive market growth
- Thriving regional economy
- Long-term passive income
- Strong daytime population
- Tax advantage
EXECUTIVE SUMMARY
Corporate Raceway Car Wash, in the heart of Plano, Texas—one of the fastest-growing and most affluent submarkets in the Dallas-Fort Worth Metroplex. This absolute NNN lease offers zero landlord responsibilities, an 18-year corporate guarantee backed by Raceway Car Wash, and 2% annual rent increases for built-in income growth. Located just one block from U.S. Highway 75 (244,000 CPD), the property enjoys exceptional visibility and accessibility in a trade area that has more than doubled in both population and households within a one-mile radius over the past decade. Supported by over 168,000 employees within five miles and anchored by major corporate headquarters, this investment combines long-term stability, prime real estate fundamentals, and a strong national brand tenant.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $6,762,600 | Building Class | B |
| Price Per SF | $1,608.23 | Lot Size | 0.81 AC |
| Sale Type | Investment or Owner User | Building Size | 4,205 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Property Subtype | Car Wash | ||
| Zoning | LI-1 - Commercial | ||
| Price | $6,762,600 |
| Price Per SF | $1,608.23 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.81 AC |
| Building Size | 4,205 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Zoning | LI-1 - Commercial |
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | R-3446-001-004R-1 | Improvements Assessment | $2,775,084 |
| Land Assessment | $1,131,445 | Total Assessment | $3,906,529 |
PROPERTY TAXES
Parcel Number
R-3446-001-004R-1
Land Assessment
$1,131,445
Improvements Assessment
$2,775,084
Total Assessment
$3,906,529
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512 K Ave - Raceway Car Wash
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