8073 University Dr - Car Washes FOR SALE


Cross Roads, TX 76227
$6,400,000 USD
914-403-7574
8073 University Dr, Cross Roads, TX for Sale
$6,400,000 USD
Car Washes - FOR SALE
1/3
null | 6.25% Cap Rate

8073 University Dr
Cross Roads, TX 76227


HIGHLIGHTS

  • Strong Corporate Guaranty
  • Bonus Depreciation Opportunity
  • Outparcel Positioning
  • Dense Retail Corridor

OVERVIEW

Surmount is pleased to present the exclusive listing for a Caliber Car Wash located at 8073 E University Dr, Cross Road, TX 76227. The site consists of roughly 3,755 rentable square feet of building space on an estimated 1.12-acre parcel of land. This Caliber Car Wash is subject to a 22-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $400,000 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$1,704 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caliber Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,779 SF

ZONING

-

APN/PARCEL ID

R1036382

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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