3805 Stan Schlueter Loop - Car Washes FOR SALE


Killeen, TX 76542- Killeen/Fort Cavazos
$5,814,000 USD
973-632-1386
3805 Stan Schlueter Loop, Killeen, TX for Sale
$5,814,000 USD
Car Washes - FOR SALE
1/5
null | 6.85% Cap Rate

3805 Stan Schlueter Loop
Killeen, TX 76542
Killeen/Fort Cavazos


HIGHLIGHTS

  • 20-year absolute NNN Lease | Corporate Guaranteed | With 10% rent increases every 5 years | Mighty Wash (+32 locations)
  • High growth trade area – Killeen continues to rank among the fastest-growing U.S. cities with local data showing ~5.5% population growth since 2020
  • Located on a major east–west arterial frontage; E. Stan Schlueter Loop is FM 3470—a principal Killeen arterial connecting to SH-201/Clear Creek
  • Large daytime population from Fort Cavazos, the nation’s largest active-duty armored base supporting over 41,000 soldiers (~57.9k direct employees)
  • Grocery + Fuel Synergy; Outparcel to a Walmart Neighborhood Center with fuel component, pairing naturally with a car wash
  • More than 178,000 residents and 40,000 employees support the trade area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, newly constructed, corporate guaranteed, Mighty Wash investment property located in Killeen, TX. The tenant recently signed a brand new 20-year lease with 3 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with no landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor in a state with no state income tax. Mighty Wash is a Texas-based car wash chain founded in Lubbock, Texas, in 2012. Today, Mighty Wash operates 28 locations and counting throughout southeastern New Mexico and west Texas, continuing its commitment to providing high-quality car wash and detailing services.

FOR SALE DETAILS

PRICE

$5,814,000 USD

PRICE/SF

$1,312 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mighty Wash Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

B-5

APN/PARCEL ID

527325

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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