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7101 E William Cannon Dr - ABS. NET 20-YR CAR WASH | #1 TEXAS OPERATOR 4,954 SF Specialty Building Offered at $2,000,000 at a 5.50% Cap Rate in Austin, TX 78744
Investment Highlights
- 20 Year Absolute Net Lease (Zero Landlord Obligations) featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options.
- Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation.
- Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success.
- Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System. Low Rent / Small Price Point.
- Part of Easton Park Master Planned Community.
- Densely Populated and Affluent Area: Average Household Income of $120k+ w/in a 1-Mile Radius and 164k_ People Residing w/in a 5-Mile Radius.
Executive Summary
ClearWater Express Wash | 20-Year Absolute Net Ground Lease | New High Quality 2025 Construction | Part of Easton Park - 2.3k Acre Master Planned Community | Low Rent / Small Price Point | Immediate Area Experiencing Major Growth | Densely Populated and Affluent Area | Near Austin-Bergstrom International Airport | Minutes from Downtown Austin, The University of Texas at Austin and Tesla Gigafactory
Property Facts
| Price | $2,000,000 | Building Class | B |
| Price Per SF | $403.71 | Lot Size | 1.56 AC |
| Sale Type | Investment | Building Size | 4,954 SF |
| Cap Rate | 5.50% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2025 |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Price | $2,000,000 |
| Price Per SF | $403.71 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.56 AC |
| Building Size | 4,954 SF |
| No. Stories | 1 |
| Year Built | 2025 |
| Opportunity Zone |
Yes |
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7101 E William Cannon Dr - ABS. NET 20-YR CAR WASH | #1 TEXAS OPERATOR
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