2259 NW Military Hwy - Car Washes FOR SALE


San Antonio, TX 78213- Castle Hills Forest
$4,959,450 USD
407-808-1657
2259 NW Military Hwy, San Antonio, TX for Sale
$4,959,450 USD
Car Washes - FOR SALE
1/4
null | 6% Cap Rate

2259 NW Military Hwy
San Antonio, TX 78213
Castle Hills Forest


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 over 6 years
  • Very experience operator with 46 locations and expanding aggressively
  • Texas has NO STATE INCOME TAX

OVERVIEW

CBRE is pleased to present the exclusive listing for the Rapid Express Car Wash located at 2259 NW Military Hwy, in San Antonio, TX. The site consists of 4,920 total square feet of building space and sits on 0.75 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 $297,567. 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 due to its combined high traffic, strong demographics, and retail synergy in one of the city’s most established corridors. Located in Castle Hills, the site sits directly on NW Military Hwy, a heavily traveled arterial that connects dense residential neighborhoods with commercial hubs, ensuring a steady stream of daily commuters. The area’s demographics—solid middle-to-upper income households with high vehicle ownership—support recurring demand for car care and membership-based wash models. The property also benefits from excellent visibility, easy ingress/egress, and proximity to complementary retail and service businesses, which drive additional customer flow.

FOR SALE DETAILS

PRICE

$4,959,450 USD

PRICE/SF

$1,804 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

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

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

-

APN/PARCEL ID

11696-001-0110

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.