10345 Highway 242 - Car Washes FOR SALE
Conroe, TX 77385 |
$3,618,819 USD
858-373-3184
10345 Highway 242
Conroe, TX 77385
HIGHLIGHTS
- 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
- 100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation.
- Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation.
- Strategic Alliance with ClearWater Express Wash Creates 95+ Locations Nationwide Reinforces Long-Term Stability, Scale, and Growth Potential.
- Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System.
- Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success: The Car Wash Business is a Highly Segmented Industry.
FOR SALE DETAILS
PRICE
$3,618,819 USD
PRICE/SF
$1,012 USD /SF
CAP RATE
6.1%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
ABS. NET 20-YEAR CAR WASH | #1 TEXAS OPERATOR
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.97 AC
LAND SF
42,253 SF
ZONING
-
APN/PARCEL ID
9034-90-00100
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858-373-3184
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858-373-3184
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