1135 S Loop 288 - Car Washes FOR SALE
Denton, TX 76205 |
$5,627,266 USD
332-345-4220
1135 S Loop 288
Denton, TX 76205
HIGHLIGHTS
- Lease Guaranteed By Whistle Express | Largest Car Wash Operator In America | The lease is backed by Whistle Express
- Bonus Depreiciation | This property offers 100% bonus depreciation, offering notable tax advantages in the early years of ownership
- Located in the Dallas–Fort Worth MSA | Tax Free State | Positioned in one of the most sought-after and fastest-growing markets in the United States
- Outstanding Demographics | Within a 5-mile radius, the population exceeds 177,000 residents with average household incomes approaching $90,000
OVERVIEW
Surmount is pleased to present the exclusive listing for a Take 5 Car Wash located at 1135 South Loop 288, Denton, Texas 76208. The site consists of roughly 5222 rentable square feet of building space on an estimated 2.15-acre parcel of land. This Take 5 Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 3/21/2022. The current annual rent is $337,636 and has scheduled increases of 1.75% Annually.
FOR SALE DETAILS
PRICE
$5,627,266 USD
PRICE/SF
$1,078 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Take 5 Car Wash
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
2010
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.15 AC
LAND SF
93,654 SF
ZONING
Commercial
APN/PARCEL ID
R315384
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332-345-4220
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332-345-4220
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