1900 W University Dr - Car Washes FOR SALE


Denton, TX 76201- Rayzor Ranch
$5,718,000 USD
949-903-8099
1900 W University Dr, Denton, TX for Sale
$5,718,000 USD
Car Washes - FOR SALE
1/9
null | 5.75% Cap Rate

1900 W University Dr
Denton, TX 76201
Rayzor Ranch


HIGHLIGHTS

  • 23+ Years Remaining | Options To Extend | Annual Rental Increases | Bonus Depreciation Opportunity
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Rayzor Ranch Marketplace | Rayzor Ranch Town Center |University of North Texas (43,000+ Students)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Whistle Express Car Wash investment property located in Denton, Texas. The tenant, Whistle Express Car Wash, has over 23 years of lease term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.90% annual rental increases throughout the initial term beginning in 2030 and throughout each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property may qualify for bonus depreciation, consult with a tax advisor.

FOR SALE DETAILS

PRICE

$5,718,000 USD

PRICE/SF

$1,326 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whistle Express Car Wash | 23+yr Abs NNN

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

SC

APN/PARCEL ID

R561273

ASK ABOUT THIS PROPERTY

Jake PraterSRS National Net LeaseMore Info
949-903-8099

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

Jake PraterSRS National Net LeaseMore Info
949-903-8099

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