170 N Kenazo Ave - Car Washes FOR SALE


Horizon City, TX 79928
$1,600,000 USD
615-212-2547
170 N Kenazo Ave, Horizon City, TX for Sale
$1,600,000 USD
Car Washes - FOR SALE
1/4
null | 12.5% Cap Rate

170 N Kenazo Ave
Horizon City, TX 79928


OVERVIEW

Owner/User Opportunity | Below Replacement Cost | Upside Potential Investment highlights Owner/User Opportunity – Opportunity to acquire the building, business and underlying real estate. Low Competition – This site has little express wash competition in its direct market allowing for additional upside from new owner. Strong Exposure – The property is positioned across the street from 2 large shopping centers and has great access from Kenazo Ave which see’s over 11,000 Vehicles Per Day. Attractive Price point – The offering price reflects the existing business's profitability and potential for future growth while still being below replacement cost allowing for cash flow from day 1. Ideal Lot Size/Layout – The property is positioned on 1.00 acre of land and has an ideal layout which allows for a high-volume site and future growth. Site Positioning – Tsunami Car Wash is directly in front of a large residential development with multiple other neighborhood projects in the immediate area. Market Growth – Horizon City's population has increased by 11.28% since 2020 with an annual growth rate of 2.07%. The city is undergoing a building boom, with plans for 8,000 new homes and an anticipated influx of 10,000 new residents over the next five years Qualifies For Bonus Depreciation – Car washes qualify for bonus depreciation which can allow for much higher returns on investments and significant tax savings. *Please consult a CPA for further details

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$314 USD /SF

CAP RATE

12.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tsunami Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

zz4

APN/PARCEL ID

E074-000-0020-0150

ASK ABOUT THIS PROPERTY

Landon CarterMatthews Real Estate Investment ServicesMore Info
615-212-2547

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Landon CarterMatthews Real Estate Investment ServicesMore Info
615-212-2547

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