300 W Parkwood Ave - Car Washes FOR SALE
Friendswood, TX 77546 |
$4,204,040 USD
704-807-6452
300 W Parkwood Ave
Friendswood, TX 77546
HIGHLIGHTS
- 15+ YEARS REMAINING ON ABSOLUTE NNN LEASE | ANNUAL RENT INCREASES | INCOME TAX-FREE STATE
- CORPORATE GUARANTEE | 150+ UNIT OPERATOR | HEADQUARTERED IN HOUSTON
- ACROSS FROM H-E-B GROCERY | #1 GROCERY STORE IN US | STRONG RETAIL CORRIDOR
- 145K+ POPULATION | AFFLUENT AREA | $194K AHHI WITHIN 1 MILE
- PRIME VISIBILITY OFF OF PARKWOOD AVE | ± 22,000 VPD | 25 MINS TO DOWNTOWN HOUSTON
OVERVIEW
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase an express car wash leased to WhiteWater Express Car Wash with an original 20-year Absolute NNN lease. This lease includes 1% annual rent escalations throughout the base term and FMV resets in the four 5-year extension options. Fee simple car wash properties qualify for 100% Bonus Depreciation in 2026 (must consult a tax professional). In Association With Toby Scrivner, TX Lic. #452773
FOR SALE DETAILS
PRICE
$4,204,040 USD
PRICE/SF
$861 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
WhiteWater Express Car Wash
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.75 AC
LAND SF
32,670 SF
ZONING
Commercial
APN/PARCEL ID
3461-0001-0001-000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
704-807-6452
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
704-807-6452
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
