330 N Spur 63 - Car Washes FOR SALE
Longview, TX 75601 |
$3,647,200 USD
949-419-3267
330 N Spur 63
Longview, TX 75601
HIGHLIGHTS
- ABSOLUTE-NET LEASE | ZERO LANDLORD RESPONSIBILITIES: Corporate 20-Year Lease Requires Tenant To Cover All Operating, Capital, Roof & Structure Costs.
- 2% ANNUAL RENT BUMPS BEGINNING 2029: Contractual Increases Every January Drive A 32% NOI Rise Over The Primary Term.
- 2020 CONSTRUCTION | 6,139 SF EXPRESS TUNNEL + VACUUM CANOPY: Modern Conveyor-Belt Design On A 2.09-Acre Parcel Built For High Through-Put.
- CORPORATE GUARANTY: Lease Backed By Express Car Wash Operations, LLC — The Largest Express Car Wash Operator in the U.S.
- SPUR 63 MOBILITY CORRIDOR IMPROVEMENTS UNDERWAY: TXDOT Is Widening Spur 63/State Hwy 31, Adding Raised Medians $ Bike-Ped Upgrades To Ease Congestion.
- HEALTHY TRADE-AREA DEMOGRAPHICS: ± 47.6K Residents Within 3 Miles And 84.6K Within 5 Miles, With ~$70-72K Average Household Incomes.
FOR SALE DETAILS
PRICE
$3,647,200 USD
PRICE/SF
$1,716 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Whistle Express Car Wash
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
-
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
46
LAND DETAILS
LAND ACRES
0.89 AC
LAND SF
38,768 SF
ZONING
C2
APN/PARCEL ID
32933
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
949-419-3267
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
949-419-3267
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
