14248 Spring Cypress Rd - Car Washes FOR SALE
Cypress, TX 77429 |
$6,319,262 USD
858-373-3184
14248 Spring Cypress Rd
Cypress, TX 77429
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.
- Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success.
- The Car Wash Business is a Highly Segmented $15 Billion Industry that is growing at 3.2% Annually.
- Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation. Strong Unit Economics and Consistent Membership Growth.
- Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics.
FOR SALE DETAILS
PRICE
$6,319,262 USD
PRICE/SF
$1,057 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
ABS. NET 20-YR CAR WASH | BONUS DEPRECIATION
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
1.24 AC
LAND SF
53,899 SF
ZONING
-
APN/PARCEL ID
1340520010001
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858-373-3184
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858-373-3184
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