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8073 University Dr - Caliber Car Wash 3,755 SF Specialty Building Offered at $6,400,000 at a 6.25% Cap Rate in Cross Roads, TX 76227
Investment Highlights
- Strong Corporate Guaranty
- Outparcel Positioning
- Bonus Depreciation Opportunity
- Dense Retail Corridor
Executive Summary
Surmount is pleased to present the exclusive listing for a Caliber Car Wash located at 8073 E University Dr, Cross Road, TX 76227. The site consists of roughly 3,755 rentable square feet of building space on an estimated 1.12-acre parcel of land. This Caliber Car Wash is subject to a 22-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $400,000 and has scheduled increases of 2.00% annually.
Property Facts
| Price | $6,400,000 | Building Class | C |
| Price Per SF | $1,704.39 | Lot Size | 1.19 AC |
| Sale Type | Investment | Building Size | 3,755 SF |
| Cap Rate | 6.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2024 |
| Property Subtype | Car Wash |
| Price | $6,400,000 |
| Price Per SF | $1,704.39 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.19 AC |
| Building Size | 3,755 SF |
| No. Stories | 1 |
| Year Built | 2024 |
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Property Taxes
| Parcel Number | R1036382 | Improvements Assessment | $2,447,786 |
| Land Assessment | $1,075,235 | Total Assessment | $3,523,021 |
Property Taxes
Parcel Number
R1036382
Land Assessment
$1,075,235
Improvements Assessment
$2,447,786
Total Assessment
$3,523,021
Contacts
-
Matthew Anuszkiewicz -
Francis Purritano -
Walker Stevens -
Glen Kunofsky -
Christopher Marks -
Surmount
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8073 University Dr - Caliber Car Wash
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