2549 E Griffin Pky - Car Washes FOR SALE


Mission, TX 78572
$4,491,400 USD
407-808-1657
2549 E Griffin Pky, Mission, TX for Sale
$4,491,400 USD
Car Washes - FOR SALE
1/4
null | 6% Cap Rate

2549 E Griffin Pky
Mission, TX 78572


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 14 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 2549 Griffin Pkwy, in Mission, TX The site consists of 4,466 total square feet of building space and sits on 1.23 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 $ 269,484. 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). 2549 Griffin Parkway in Mission, TX is extremely well located due to its high-visibility frontage on a major arterial road (FM 495), strong co-tenancy with national retailers like HEB and AutoZone, and dense surrounding demographics that support repeat traffic and membership models. The site benefits from over 74,000 residents within a 3-mile radius, and vehicle ownership patterns ideal for car care services. Its layout and zoning support express tunnel formats, and the presence of Rapid Express Car Wash already signals strong market viability for this type of operation.

FOR SALE DETAILS

PRICE

$4,491,400 USD

PRICE/SF

$844 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

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

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

CO

APN/PARCEL ID

T4525-00-000-0001-00

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.