1135 S Loop 288 - Car Washes FOR SALE


Denton, TX 76205
$5,410,157 USD
332-345-4220
1135 S Loop 288, Denton, TX for Sale
$5,410,157 USD
Car Washes - FOR SALE
1/3
null | 6.35% Cap Rate

1135 S Loop 288
Denton, TX 76205


HIGHLIGHTS

  • Lease Guaranteed By Whistle Express | Largest Car Wash Operator In America |
  • Bonus Depreiciation
  • Located in the Dallas–Fort Worth MSA | Tax Free State
  • Outstanding Demographics
  • Strong Surrounding Tenancy
  • High Traffic Counts

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 $343,545 and has scheduled increases of 1.75% Annually.?

FOR SALE DETAILS

PRICE

$5,410,157 USD

PRICE/SF

$1,036 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Car Wash Whistle Express Guaranty

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

ASK ABOUT THIS PROPERTY

Richard NardiSurmountMore Info
332-345-4220

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Richard NardiSurmountMore Info
332-345-4220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.