1311 University Ave - Car Washes FOR SALE


Georgetown, TX 78628- Georgetown-Leander
$6,343,800 USD
407-808-1657
1311 University Ave, Georgetown, TX for Sale
$6,343,800 USD
Car Washes - FOR SALE
1/4
null | 6% Cap Rate

1311 University Ave
Georgetown, TX 78628
Georgetown-Leander


HIGHLIGHTS

  • 20-Year Sale-Leaseback
  • Absolute NNN – No landlord management obligations
  • Fixed rental increases throughout the entire lease including options
  • This location has been in operation for just over 3 years and is performing extremely well
  • Texas has NO STATE INCOME TAX
  • High traffic site with excellent visibility

OVERVIEW

CBRE is pleased to present the exclusive listing for the Rapid Expres Car Wash located at 1311 W. University Ave. in Georgetown, TX. The site consists of 4,142 total square feet of building space and sits on 1.71 acres of land. The site will be subject to a 20 year sale-leaseback with Rapid Express Car Wash. Starting in year one, the base rent shall be $380,627. The lease will call for 1.50% annual rental escalations during the base term and throughout the (4) five-year renewal option periods (40 year total term). The subject property is extremely well located on one of the city’s busiest commercial corridors, offering high visibility, strong traffic counts, and excellent co-tenancy. University Ave (State Hwy 29) is a major east–west arterial that connects downtown Georgetown, I 35, and rapidly growing residential communities, ensuring a steady stream of daily commuters and local drivers. The surrounding trade area features dense residential neighborhoods, retail centers, and service businesses, which generate repeat traffic and align perfectly with the convenience-driven nature of express car washes. Georgetown itself is one of the fastest-growing cities in the Austin metro, with rising household incomes and multiple-car households that support membership-based wash models.

FOR SALE DETAILS

PRICE

$6,343,800 USD

PRICE/SF

$1,532 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rapid Express Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

CO

APN/PARCEL ID

R584228

ASK ABOUT THIS PROPERTY

Ray RomanoCBRE, Inc.More Info
407-808-1657

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Ray RomanoCBRE, Inc.More Info
407-808-1657

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