6559 E Northwest Hwy - Car Washes FOR SALE


Dallas, TX 75231- Northeast Dallas
$4,814,815 USD
925-348-1844
6559 E Northwest Hwy, Dallas, TX for Sale
$4,814,815 USD
Car Washes - FOR SALE
1/1
null | 6.75% Cap Rate

6559 E Northwest Hwy
Dallas, TX 75231
Northeast Dallas


HIGHLIGHTS

  • 10% Increases in Rent Every 5 Years - Next Increases June 1, 2028
  • Strong Store Sales - Tenant has Over 100 Locations
  • Prime Dallas Location: Positioned in a high-traffic area of Dallas, TX, ensuring strong visibility and accessibility.
  • Long-Term Lease: The property benefits from a long-term lease with Super Star Car Wash in place until May 31, 2048
  • Triple-Net Lease: The lease is a Triple-Net (NNN) structure, placing the responsibility for property taxes, insurance, and maintenance on the tenant
  • High Cap Rate: At 6.75%, the property offers an attractive return on investment for potential buyers, driven by the stability of the tenant

OVERVIEW

The Kase Group is pleased to present this exceptional investment opportunity for a single-tenant retail property located at 6559 East Northwest Highway, Dallas, TX. The property is fully leased to Super Star Car Wash, a highly successful tenant with over 100 locations and a proven track record of strong sales, making it an attractive, income-producing asset. This Triple-Net (NNN) leased property offers a long-term lease with a stable, 10% rent increase every 5 Years and Three, 5 Year options to renew, ensuring consistent and reliable cash |ow over the next two decades. The next increase is scheduled for June 1, 2028. The lease is set to expire on May 31, 2048, providing a secure, long-term investment horizon for the purchaser. The property spans 3,886 square feet on a 1.40-acre lot, situated in a prime, high-traffic area of Dallas, Texas. The location is well positioned for both visibility and access, benefiting from significant daily traffic f|ow. Super Star Car Wash has proven its business stability with annual sales of $1,488,956, further solidifying the property’s attractiveness as a secure investment. With an asking price of $4,814,815, the property offers an attractive cap rate of 6.75%, providing investors with a high return relative to the market. Additionally, the Triple-Net lease structure shifts the responsibility for property expenses (including taxes, insurance, and maintenance) to the tenant, allowing for minimal landlord oversight and reduced operating costs.

FOR SALE DETAILS

PRICE

$4,814,815 USD

PRICE/SF

$748 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Super Star Car Wash Absolute NNN Lease

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

Z59

APN/PARCEL ID

00000398461000000

ASK ABOUT THIS PROPERTY

Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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