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Car Wash

Absolute Net 20 Yr Car Wash | Houston | Bonus Depreciation | 2022 Construction | Across Walmart

6421 West Rd, Houston, TX 77086

Listing Price: $5,416,667

Cap Rate
6.00%
Tenant Name
ClearWater Express Wash
Years Remaining On Lease
19.7
Gross SF
4,960
Guarantor
Corporate Guarantee
Rentable SF
4,960
Price/Gross SF
$1,092.07
Lease Type
Absolute Net
Rent Per Square Feet
$65.52

Investment Overview

Houston is the most populous city in the U.S. state of Texas, fourth-most populous city in the United States, most populous city in the Southern United States, as well as the sixth-most populous in North America, with an estimated 2019 population of 2,320,268. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after the Dallas–Fort Worth metroplex, with a population of 7,066,141 in 2019. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Houston is the eighth-most expansive city in the United States (including consolidated city-counties). It is the largest city in the United States by total area, whose government is not consolidated with that of a county, parish, or borough. Though primarily in Harris County, small portions of the city extend into Fort Bend and Montgomery counties, bordering other principal communities of Greater Houston such as Sugar Land and The Woodlands.

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. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 45k Vehicles.
  • Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System Featuring 125' Tunnel, Triple Lane Pay-Stations and 21 Vacuum Bays.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • Densely Populated Area: Features more than 314k People Residing within a 5-Mile Radius.
  • 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.
  • Across from Chick-fil-A ($10M+ Sales) and near Numerous other National Retailers including Walmart Supercenter, ALDI, Kroger, CVS Pharmacy, Walgreens and many more. Near Numerous Schools including North Shore Senior High School (4,640+ Students) and San Jacinto College North Campus (8,000+ Students), providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

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 Yr Car Wash | Houston | Bonus Depreciation | 2022 Construction | Across Walmart

Listing Price: $5,416,667

Cap Rate
6.00%
Tenant Name
ClearWater Express Wash
Years Remaining On Lease
19.7
Gross SF
4,960
Guarantor
Corporate Guarantee
Rentable SF
4,960
Price/Gross SF
$1,092.07
Lease Type
Absolute Net
Rent Per Square Feet
$65.52

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. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 45k Vehicles.
  • Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System Featuring 125' Tunnel, Triple Lane Pay-Stations and 21 Vacuum Bays.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • Densely Populated Area: Features more than 314k People Residing within a 5-Mile Radius.
  • 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.
  • Across from Chick-fil-A ($10M+ Sales) and near Numerous other National Retailers including Walmart Supercenter, ALDI, Kroger, CVS Pharmacy, Walgreens and many more. Near Numerous Schools including North Shore Senior High School (4,640+ Students) and San Jacinto College North Campus (8,000+ Students), providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Houston is the most populous city in the U.S. state of Texas, fourth-most populous city in the United States, most populous city in the Southern United States, as well as the sixth-most populous in North America, with an estimated 2019 population of 2,320,268. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after the Dallas–Fort Worth metroplex, with a population of 7,066,141 in 2019. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Houston is the eighth-most expansive city in the United States (including consolidated city-counties). It is the largest city in the United States by total area, whose government is not consolidated with that of a county, parish, or borough. Though primarily in Harris County, small portions of the city extend into Fort Bend and Montgomery counties, bordering other principal communities of Greater Houston such as Sugar Land and The Woodlands.

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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