9801 Jones Rd - BlueWave Express Wash 4,750 SF Specialty Building Offered at $6,164,151 at a 5.30% Cap Rate in Houston, TX 77065

Prime Net Lease is pleased to present the exclusive opportunity to acquire a single-tenant, net leased, Blue Wave Car Wash located at 9801 Jones Rd. Houston, TX (the "Property"). Its strategic location in an affluent part of Houston with high traffic counts and high household income ensures a steady flow of customers. The Property has been successfully operating as a car wash for over the last 10 years. 
The property features an express car wash tunnel and 16 covered and free vacuum stations. The property is encumbered by a 25-year Absolute NNN lease. There are currently 13+ years remaining on the base term. In addition, there are Six, 5-year lease options. The lease provides for 10% rental increases every 5 years in the base period as well as during the extension periods. Due to the current lease structure, there are no landlord responsibilities in the ownership of this Property, providing an investor a stable, predicable monthly income stream. While taking advantage of the tax benefits of Fee simple ownership of this car wash provides, the landlord also has the opportunity to use accelerated Bonus depreciation model.
BlueWave Express Car Wash delivers unbeatable quality, eco-friendly washes at unbeatable prices. Free unlimited turbo-powered vacuums, clean restrooms, and a full staff on site. BlueWave car washes reclaim and reuse up to 80% of the water used in the car wash process through a state-of-the-art Pure-Water Recovery System. They use biodegradable soaps and detergents and capture and dispose of all contaminants. BlueWave also works locally with city groups on educating residents on the importance of water conservation. BlueWave selects high visibility, high traffic, premier retail locations in the markets it serves. The goal of BlueWave is to become the “Starbucks of Car Washes.”