The Boulder Group is pleased to exclusively market for sale a single tenant net leased Laundromax property positioned within the Dallas MSA in Fort Worth, Texas. Laundromax operates at this location under a long-term lease that extends through December 2053. The lease is triple net presenting no landlord responsibilities. Additionally, there are 2% annual rental escalations throughout the primary term and two 5-year renewal options.
The 3,780-square-foot building benefits from a shadow anchor position across from the area’s primary retailer, Walmart Supercenter. The property is situated along Sycamore School Road, which sees over 32,600 vehicles per day, and is near McCart Avenue, with an additional 29,400 vehicles per day. Downtown Fort Worth is less than a 15-minute drive from the site. Nearby national and regional retailers include Albertsons, Chase Bank, Walgreens, O’Reilly Auto Parts, Starbucks, Dollar Tree, and CareNow Urgent Care, among others. The property is supported by strong demographics, with over 249,000 residents within a five-mile radius and an average household income of $102,782.
Laundromax and its sister brand, Clean Rite Center, are collectively the largest retail laundromat operator in the United States, with 87 locations in 10 states. Each location features over 100 high-capacity, energy-efficient washers and dryers, ample parking, and numerous amenities in a well-lit, clean and safe environment. Stores are large, open spaces which are equipped with ample laundry carts and folding tables, laundry detergent, supplies and soda and snacks for purchase, and friendly laundry attendants available to assist. In addition to self-service, all stores offer drop-off wash/dry/fold service, with many stores offering pick-up and delivery service as well.