16602 El Camino Real - Car Washes FOR SALE


Houston, TX 77062- Clear Lake
$8,922,900 USD
949-431-2735
16602 El Camino Real, Houston, TX for Sale
$8,922,900 USD
Car Washes - FOR SALE
1/3
null | 8% Cap Rate

16602 El Camino Real
Houston, TX 77062
Clear Lake


HIGHLIGHTS

  • 8.00% Cap Rate
  • 100% Bonus Depreciation
  • #1 Franchiser of Express Wash

OVERVIEW

• Single-Tenant Tommy’s Express Car Wash: ° Private equity backed, rapidly growing franchisee ° Absolute NNN Lease, zero landlord responsibilities ° 18+ year Lease term with four, 5-year options ° 2.00% annual increases for the first four years • About Tommy’s Express: ° 260 locations with 60+ coming soon ° #7 largest express car wash platform in the nation ° 50+ years in the car wash business ° #1 car wash on Franchise 500’s List • Franchisee Expanding Rapidly in Houston

FOR SALE DETAILS

PRICE

$8,922,900 USD

PRICE/SF

$1,453 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tommy's Express Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

-

APN/PARCEL ID

1162910000001

ASK ABOUT THIS PROPERTY

Austin BlodgettRealSource GroupMore Info
949-431-2735

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Austin BlodgettRealSource GroupMore Info
949-431-2735

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