512 K Ave - Car Washes FOR SALE


Plano, TX 75074
$6,762,600 USD
561-602-8390
512 K Ave, Plano, TX for Sale
$6,762,600 USD
Car Washes - FOR SALE
1/11
null | 6% Cap Rate

512 K Ave
Plano, TX 75074


HIGHLIGHTS

  • Exceptional location
  • Long-term passive income
  • Explosive market growth
  • Strong daytime population
  • Thriving regional economy
  • Tax advantage

OVERVIEW

Corporate Raceway Car Wash, in the heart of Plano, Texas—one of the fastest-growing and most affluent submarkets in the Dallas-Fort Worth Metroplex. This absolute NNN lease offers zero landlord responsibilities, an 18-year corporate guarantee backed by Raceway Car Wash, and 2% annual rent increases for built-in income growth. Located just one block from U.S. Highway 75 (244,000 CPD), the property enjoys exceptional visibility and accessibility in a trade area that has more than doubled in both population and households within a one-mile radius over the past decade. Supported by over 168,000 employees within five miles and anchored by major corporate headquarters, this investment combines long-term stability, prime real estate fundamentals, and a strong national brand tenant.

FOR SALE DETAILS

PRICE

$6,762,600 USD

PRICE/SF

$1,608 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Raceway Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

LI-1

APN/PARCEL ID

R-3446-001-0040-1,R-3446-001-004R-1

ASK ABOUT THIS PROPERTY

Christopher TwistColliersMore Info
561-602-8390

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Christopher TwistColliersMore Info
561-602-8390

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