3751 Andrews Hwy - Car Washes FOR SALE


Odessa, TX 79762
$6,260,000 USD
310-405-0902
3751 Andrews Hwy, Odessa, TX for Sale
$6,260,000 USD
Car Washes - FOR SALE
1/8
null | 5.75% Cap Rate

3751 Andrews Hwy
Odessa, TX 79762


HIGHLIGHTS

  • 20-Year NNN Sale-Leaseback | Absolute NNN lease with zero landlord responsibilities. Features 10% rent increase every 5 years
  • Fast Growing Tenant | Tommy's Express Car Wash has experienced significant growth, becoming the #1 fastest-growing brand
  • Strong Experienced Franchisee Guarantor | Franchisee Salim Development, LLC operates more than 25 locations and multiple concepts, 10 year guarantee
  • Prime High-Traffic Location | Strategically positioned along Andrews Highway, one of the area’s most heavily traveled corridors with over 23,000 vpd
  • Strong Demographics | Surrounded by a population of more than 123,000 residents within a 5-mile radius, supporting sustained customer traffic

OVERVIEW

Matysek Investment Group is pleased to present to qualified investors the opportunity to acquire a brand-new Tommy’s Express Car Wash on a full 20-year absolute NNN sale-leaseback with zero landlord responsibilities. The lease features 10% rental increases every five (5) years and four (4) five-year renewal options, providing investors with stable and growing long-term income. The tenant, Tommy’s Express Car Wash, has experienced remarkable growth, recognized by Franchise Times as the #1 fastest-growing brand in its industry in 2023. The property is operated by Salim Development, LLC, an established and experienced multi-unit franchisee with over 25 locations across multiple concepts and a 10-year personal guarantee. This property is strategically positioned along Andrews Highway, one of the area’s most heavily trafficked corridors with over 23,000 vehicles per day, ensuring strong visibility and accessibility. The site benefits from robust demographics, with more than 123,000 residents within a five-mile radius, supporting steady customer traffic and strong sales performance.

FOR SALE DETAILS

PRICE

$6,260,000 USD

PRICE/SF

$1,233 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

LC

APN/PARCEL ID

21895-00700-00000

ASK ABOUT THIS PROPERTY

Paul MatysekMatysek Investment GroupMore Info
310-405-0902

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Paul MatysekMatysek Investment GroupMore Info
310-405-0902

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.