835 W Princeton Dr - Car Washes FOR SALE
Princeton, TX 75407 |
$5,349,000 USD
214-560-6900
835 W Princeton Dr
Princeton, TX 75407
HIGHLIGHTS
- Corporate Guaranteed Lease | Options To Extend | Annual Rental Increases | Bonus Depreciation
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Across From Major Retail Developments | Explosive Housing Development | Primary Retail Corridor
- Strong Demographics In 5-Mile Trade Area | High Growth Area
OVERVIEW
• WhiteWater Express Car Wash Corporate guaranteed lease
• Over 14 years remaining with 3 (5-year) option periods to extend
• The lease features 1.25% annual rental increases throughout the initial term and each option period
• The property may be eligible for bonus depreciation | Consult a tax advisor
FOR SALE DETAILS
PRICE
$5,349,000 USD
PRICE/SF
$1,044 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Whitewater Express Car Wash | Fee Simple
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
27
LAND DETAILS
LAND ACRES
1.13 AC
LAND SF
49,223 SF
ZONING
C-2
APN/PARCEL ID
R-12188-00A-0010-1
ASK ABOUT THIS PROPERTY
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214-560-6900
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214-560-6900
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