3810 N Main St - Car Washes FOR SALE


Taylor, TX 76574
$6,823,100 USD
407-808-1657
3810 N Main St, Taylor, TX for Sale
$6,823,100 USD
Car Washes - FOR SALE
1/4
null | 6% Cap Rate

3810 N Main St
Taylor, TX 76574


HIGHLIGHTS

  • 20-Year Sale-Leaseback
  • Absolute NNN – No landlord management obligations
  • Fixed rental increases throughout the entire lease including options
  • This location has been in operation for over 4 years
  • Very experience operator with 46 locations and expanding aggressively
  • Texas has NO STATE INCOME TAX

OVERVIEW

CBRE is pleased to present the exclusive listing for the Rapid Express Car Wash located at 3810 N. Main St. in Taylor, TX. The site consists of 3,675 total square feet of building space and sits on 1.37 acres of land. The site will be subject to a 20 year sale-leaseback with Rapid Express Car Wash. Starting in year one, the base rent shall be $409,388. The lease will call for 1.50% annual rental escalations during the base term and throughout the (4) five-year renewal option periods (40 year total term). This property is extremely well located due to it’s location directly on U.S. Hwy 79, a high traffic corridor with excellent visibility and access, ensuring steady commuter and local traffic. Additionally, the city is experiencing rapid growth, fueled by major developments like Samsung’s $17B semiconductor plant, which is driving new housing, rising incomes, and increased vehicle ownership. Surrounding demographics include family-oriented households with multiple cars, making them ideal candidates for recurring wash memberships.

FOR SALE DETAILS

PRICE

$6,823,100 USD

PRICE/SF

$1,949 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rapid Express Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

C

APN/PARCEL ID

R320085

ASK ABOUT THIS PROPERTY

Ray RomanoCBRE, Inc.More Info
407-808-1657

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Ray RomanoCBRE, Inc.More Info
407-808-1657

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