768 Fish Creek Thoroughfare - Car Washes FOR SALE
Montgomery, TX 77316 |
$5,667,910 USD
858-373-3184
768 Fish Creek Thoroughfare
Montgomery, TX 77316
HIGHLIGHTS
- 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
- 100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation.
- Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success.
- The Car Wash Business is a Highly Segmented $15 Billion Industry that is growing at 3.2% Annually.
- Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation. Strong Unit Economics and Consistent Membership Growth.
- Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics.
FOR SALE DETAILS
PRICE
$5,667,910 USD
PRICE/SF
$1,541 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
ABS. NET 20-YR CAR WASH | BONUS DEPRECIATION
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
ADD'L SUBTYPES
Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.95 AC
LAND SF
41,382 SF
ZONING
-
APN/PARCEL ID
0136-00-00233
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858-373-3184
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858-373-3184
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