6231 Denton Hwy - Car Washes FOR SALE


Haltom City, TX 76148
$3,450,000 USD
310-691-1350
6231 Denton Hwy, Haltom City, TX for Sale
$3,450,000 USD
Car Washes - FOR SALE
1/5
null | 8% Cap Rate

6231 Denton Hwy
Haltom City, TX 76148


HIGHLIGHTS

  • Brand New 15-Year Lease: Executed in April 2025 with six (6) 5-year renewal options and 1.50% annual rent increases throughout the full term.
  • 100% Bonus Depreciation Reinstated
  • Proven Operator with Regional Scale
  • Signalized intersection along Hwy 377, a key DFW thoroughfare with synergistic auto-centric co-tenancy
  • 140,000+ residents and 50,000+ households within 3 miles

OVERVIEW

Pegasus Investments Real Estate Advisory and ParaSell, Inc., as exclusive advisors for the Seller, are excited to offer the opportunity to purchase the fee simple (land & building) interest in a Zips Car Wash located in the heart of the Dallas–Fort Worth metro area (the “Property”). The Property features a 6,460-square-foot express tunnel car wash on a 0.77-acre parcel, backed by a brand-new Absolute Triple Net (NNN) corporate lease executed in April 2025. The lease includes a full 15-year primary term with 1.50% annual rent increases and six (6) additional 5-year renewal options, each with continued annual bumps, offering long-term, predictable income growth. The lease structure is 100% passive and offers new owners the opportunity to achieve new bonus deprecation that is now available via the Big Beautiful Bill passed in July 2025 (investors are required to consult their tax advisors). The Property is located at the signalized, hard-corner intersection of Watauga Road and Hwy 377, just north of Fort Worth’s I-820 loop. Hwy 377 is a key north-south corridor in DFW, paralleling I-35 and linking major metros from San Antonio/Austin/Dallas through Minneapolis. The Property is surrounded by highly synergistic, auto-oriented uses, including three national auto parts retailers, an Express Lube, multiple gas stations, and other repair facilities, all within a half-mile stretch. The surrounding trade area is both dense and affluent, with more than 140,000 residents and 50,000+ households averaging two vehicles per home within a 3-mile radius. Located in Haltom City, a submarket with limited developable land, and in one of the fastest-growing and most business-friendly metros in the country, this offering is strategically positioned for long-term performance. Further enhancing the value proposition is the reinstatement of 100% bonus depreciation under the federal tax reform package passed as part of the “Big Beautiful Bill” in July 2025. This legislation allows investors to immediately expense the full cost of qualifying property, including car wash improvements, equipment and systems, meaningfully improving after-tax returns. For car wash assets, the accelerated deductions available through bonus depreciation and cost segregation strategies can significantly boost early investment cash flow and overall internal rates of return (IRRs). The result is a compelling opportunity for investors seeking tax-efficient income backed by depreciable real assets in a high-growth sector (investors are required to consult their tax advisors). The Dallas–Fort Worth metro added 178,000 residents in the past year alone and continues to lead the nation in both population growth and corporate relocations, underscoring its continued strength as an investment market. Dallas–Fort Worth has become a national leader in corporate relocations, adding over 100 new headquarters since 2018, including Charles Schwab, McKesson, CBRE, and AECOM. In 2025, Somnigroup (formerly Tempur Sealy), John Paul Mitchell Systems, and FiberLight are among the latest to establish operations in the region. Anchored by major companies like AT&T, American Airlines, Southwest, and Texas Instruments, DFW boasts a robust economy across tech, telecom, logistics, aerospace, and finance. With Nasdaq, TXSE, and NYSE Texas expanding in 2025 and beyond, the metroplex remains a powerhouse for business growth and corporate investment. Importantly, the lease reflects a clean slate following Zips’ successful emergence from Chapter 11 bankruptcy in early 2025. The Property was one of the locations retained during the company’s operational restructuring, with the former master lease dissolved and the rent reset to market levels, creating a healthier EBITDA operating margin for the Tenant and increasing their likelihood of their forward success at this location. For investors, this offering represents a stabilized, essential service asset with a restructured lease, and attractive tax-efficient cash flow, in one of the strongest commercial corridors in the country.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$534 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN Corporate Zips Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,595 SF

ZONING

Commercial (NEC)

APN/PARCEL ID

40606902

ASK ABOUT THIS PROPERTY

David ChasinPegasus InvestmentsMore Info
310-691-1350

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David ChasinPegasus InvestmentsMore Info
310-691-1350

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