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714 E Tyler St
Athens, TX 75751
International Car Wash Group · Specialty Property For Sale · 3,704 SF

INVESTMENT HIGHLIGHTS

  • 20-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 20-Year Absolute Triple-Net Lease. The Lease Will Have No La
  • Accelerated Depreciation: This Property Qualifies for 15 Year Accelerated Depreciation
  • Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by International Car Wash Group Ltd. (UK) “ICWG” and the More Than 900 Locations

PROPERTY FACTS

Property Type Specialty
Property Subtype Car Wash
Building Class B
Lot Size 1.10 AC
Building Size 3,704 SF
No. Stories 1
Year Built 2020

ABOUT 714 E TYLER ST , ATHENS, TX 75751

The subject Car Wash benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, and academic institutions. Major national tenants in the area include Walgreens, Office Depot, Dollar Tree, Bealls Outlet, CVS Pharmacy, McDonalds, Dairy Queen, Applebee’s, Domino’s, Burger king, KFC and many more. The property is also within a one-mile radius of several manufacturing and distribution facilities. These include Dallas Manufacturing, Argon Medical Devices, Meridian Brick, as well as many more with a combined total of 1,300 full-time employees. The subject property also benefits from its close proximity to several academic institutions, the most notable being Trinity Valley Community College with over 9,000 students currently enrolled within a two-mile radius. UT Health Athens Hospital is also located less than three-miles from the subject property, which is a 127-bed general and surgical hospital. The subject property is less than 35-miles from Tyler, Texas and approximately 60 miles from downtown Dallas. The site is situated on E. Tyler St, which has an average daily traffic count of 18,000 vehicles. E. Tyler St runs parallel to Turner Highway-175 which brings an additional 11,000 vehicles into the immediate area per day. There are approximately 17,500 individuals within a five-mile radius of this property and nearly 27,000 individuals within a ten-mile radius. Athens is a city in and the county seat of Henderson County, Texas. E. Tyler Street leads into Highway-31 which continues directly towards Tyler, Texas, only 35 Miles away. Tyler is the county seat of Smith County in east-central Texas. The city of Tyler has long been Smith County’s major economic, educational, medical and cultural hub. Tyler is also known as the ‘Rose Capital of the World’, this nickname was earned from a long history of rose production, cultivation and processing. It is home to the largest rose garden in the United States and holds annual festivals, attracting tourists by the thousands each year. The city has an abundance of outdoor recreation. Tyler State Park, located a few miles north, attracts visitors with opportunities to camp, canoe and boat on the lake, alongside numerous hiking and biking trails. The main industries in Tyler and the surrounding area are education, healthcare and manufacturing and distribution.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3515-0002-0040-01
Land Assessment
$52,656
Improvements Assessment
$576,280
Total Assessment
$628,936
  • Listing ID: 19138094

  • Date on Market: 4/7/2020

  • Last Updated:

  • Address: 714 E Tyler St, Athens, TX 75751

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