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Car Wash

Absolute Net 20 Year Car Wash | Dallas-Fort Worth MSA | Bonus Depreciation | 2022 Construction

809 W Henderson St, Cleburne (DFW MSA), TX 76033

Listing Price: $5,833,333

Cap Rate
6.00%
Tenant Name
ClearWater Express Wash
Years Remaining On Lease
19.5
Gross SF
4,807
Guarantor
Corporate Guarantee
Rentable SF
4,807
Price/Gross SF
$1,213.51
Lease Type
Absolute Net
Rent Per Square Feet
$72.81

Investment Overview

Cleburne is a city in and the county seat of Johnson County, Texas. As of the 2010 census, its population was 29,337. As of the 2020 census, Johnson County’s population was 179,927 and is included in the Dallas–Fort Worth–Arlington metropolitan statistical area. The Dallas–Fort Worth metroplex, officially designated Dallas–Fort Worth–Arlington by the U.S. Office of Management and Budget, is a conurbated metropolitan statistical area in the U.S. state of Texas encompassing 11 counties and anchored by the major cities of Dallas and Fort Worth. It is the economic and cultural hub of North Texas. Residents of the area also refer to it as DFW, or the Metroplex. The Dallas–Fort Worth–Arlington metropolitan statistical area’s population was 7,637,387 according to the U.S. Census Bureau’s 2020 census, making it the most populous metropolitan area in both Texas and the Southern United States, the fourth-largest in the U.S., and the tenth-largest in the Americas. In 2016, the Dallas–Fort Worth metroplex had the highest annual population growth in the United States.

Investment Highlights

  • 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via Accelerated Bonus Depreciation. Recommend Consulting your Accountant or Tax Advisor.
  • Positioned Along Area's Major Traffic & Retail Corridor. Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 21k Vehicles.
  • Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System Featuring 125' Tunnel, Dual Lane Pay-Stations and 16 Vacuum Bays.
  • Minutes from Cleburne Regional Airport - a City-Owned, Public-use Airport with more than 33,000 General Aviation Aircraft Operations, an Average of 90 per Day.
  • Near Numerous Schools including Cleburne High School (1,955+ Students), providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • 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.
  • Adjacent to Chick-fil-A and near Numerous other National Retailers including H-E-B, CVS Pharmacy, Walmart Supercenter, Kroger, tractor Supply, Walgreens and many more. In Close Proximity to Texas Health Harris Methodist Hospital Cleburne - A Full-Service, 135-Bed Acute Care Facility serving Cleburne and the Johnson County area.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Car Wash

Absolute Net 20 Year Car Wash | Dallas-Fort Worth MSA | Bonus Depreciation | 2022 Construction

Listing Price: $5,833,333

Cap Rate
6.00%
Tenant Name
ClearWater Express Wash
Years Remaining On Lease
19.5
Gross SF
4,807
Guarantor
Corporate Guarantee
Rentable SF
4,807
Price/Gross SF
$1,213.51
Lease Type
Absolute Net
Rent Per Square Feet
$72.81

Investment Highlights

  • 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via Accelerated Bonus Depreciation. Recommend Consulting your Accountant or Tax Advisor.
  • Positioned Along Area's Major Traffic & Retail Corridor. Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 21k Vehicles.
  • Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System Featuring 125' Tunnel, Dual Lane Pay-Stations and 16 Vacuum Bays.
  • Minutes from Cleburne Regional Airport - a City-Owned, Public-use Airport with more than 33,000 General Aviation Aircraft Operations, an Average of 90 per Day.
  • Near Numerous Schools including Cleburne High School (1,955+ Students), providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • 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.
  • Adjacent to Chick-fil-A and near Numerous other National Retailers including H-E-B, CVS Pharmacy, Walmart Supercenter, Kroger, tractor Supply, Walgreens and many more. In Close Proximity to Texas Health Harris Methodist Hospital Cleburne - A Full-Service, 135-Bed Acute Care Facility serving Cleburne and the Johnson County area.

Investment Overview

Cleburne is a city in and the county seat of Johnson County, Texas. As of the 2010 census, its population was 29,337. As of the 2020 census, Johnson County’s population was 179,927 and is included in the Dallas–Fort Worth–Arlington metropolitan statistical area. The Dallas–Fort Worth metroplex, officially designated Dallas–Fort Worth–Arlington by the U.S. Office of Management and Budget, is a conurbated metropolitan statistical area in the U.S. state of Texas encompassing 11 counties and anchored by the major cities of Dallas and Fort Worth. It is the economic and cultural hub of North Texas. Residents of the area also refer to it as DFW, or the Metroplex. The Dallas–Fort Worth–Arlington metropolitan statistical area’s population was 7,637,387 according to the U.S. Census Bureau’s 2020 census, making it the most populous metropolitan area in both Texas and the Southern United States, the fourth-largest in the U.S., and the tenth-largest in the Americas. In 2016, the Dallas–Fort Worth metroplex had the highest annual population growth in the United States.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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