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Car Wash

Absolute Net 20 Year Car Wash | Highly Affluent Houston Suburb: $175k+ HHI | Bonus Depreciation

768 Fish Creek Thoroughfare, Montgomery (Houston MSA), TX 77316

Listing Price: $4,583,333

Cap Rate
6.00%
Tenant Name
ClearWater Express Wash
Years Remaining On Lease
19.6
Gross SF
3,679
Guarantor
Corporate Guarantee
Rentable SF
3,679
Price/Gross SF
$1,245.81
Lease Type
Absolute Net
Rent Per Square Feet
$74.75

Investment Overview

Montgomery is a city located in Montgomery County, Texas. Montgomery County is a county in the U.S. state of Texas with a population of 620,443. The county seat is Conroe. Between 2000 and 2010, its population grew by 55%, the 24th-fastest rate of growth of any county in the United States. Between 2010 and 2020, its population grew by 36%. According to the U.S. Census Bureau, the July 1, 2021, estimated population is 648,886. Montgomery County is part of the Houston-The Woodlands-Sugar Land, TX Metropolitan Statistical Area. Greater Houston has historically been among the fastest-growing metropolitan areas in the United States; it was the fastest-growing in absolute terms during the 2013–2014 census year, adding 156,371 people. The area grew 25.2% between 1990 and 2000—adding more than 950,000 people—while the country’s population increased only 13.2% over the same period, and from 2000 to 2007 alone, the area added over 910,000 people. The Greater Houston Partnership projected the metropolitan area would add between 4.1 and 8.3 million new residents between 2010 and 2050. Greater Houston has the seventh-highest metropolitan-area gross domestic product in the United States, valued at $490 billion in 2017. A major trade center anchored by the Port of Houston, Houston–The Woodlands–Sugar Land has the highest trade export value of all metropolitan areas, at over $120 billion in 2018, accounting for 42% of the total exports of Texas. As of 2021, Greater Houston is home to the headquarters of 24 Fortune 500 companies, ranking third among all metropolitan statistical areas.

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.
  • W/in Woodforest 90-Acre Master Plan - Devoted to Commercial Development such as Schools, a Gas Station, a Pharmacy, Restaurants, Medical Offices, Fitness Facilities, Salons & more.
  • Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System Featuring 90' Tunnel, Double Lane Pay-Stations and 14 Vacuum Bays.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • Highly Affluent Houston Suburb: Features an Average Household Income of over $175k (more than twice the National Average) within a 1-Mile Radius.
  • Directly Across from Pine Market - Offers 40-Acres of Retail and Service options including Harvest Market as well as Boutiques, Fitness Centers, and Restaurants.
  • Positioned Along Area's Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 14k Vehicles. 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.

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 | Highly Affluent Houston Suburb: $175k+ HHI | Bonus Depreciation

Listing Price: $4,583,333

Cap Rate
6.00%
Tenant Name
ClearWater Express Wash
Years Remaining On Lease
19.6
Gross SF
3,679
Guarantor
Corporate Guarantee
Rentable SF
3,679
Price/Gross SF
$1,245.81
Lease Type
Absolute Net
Rent Per Square Feet
$74.75

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.
  • W/in Woodforest 90-Acre Master Plan - Devoted to Commercial Development such as Schools, a Gas Station, a Pharmacy, Restaurants, Medical Offices, Fitness Facilities, Salons & more.
  • Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System Featuring 90' Tunnel, Double Lane Pay-Stations and 14 Vacuum Bays.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • Highly Affluent Houston Suburb: Features an Average Household Income of over $175k (more than twice the National Average) within a 1-Mile Radius.
  • Directly Across from Pine Market - Offers 40-Acres of Retail and Service options including Harvest Market as well as Boutiques, Fitness Centers, and Restaurants.
  • Positioned Along Area's Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 14k Vehicles. 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.

Investment Overview

Montgomery is a city located in Montgomery County, Texas. Montgomery County is a county in the U.S. state of Texas with a population of 620,443. The county seat is Conroe. Between 2000 and 2010, its population grew by 55%, the 24th-fastest rate of growth of any county in the United States. Between 2010 and 2020, its population grew by 36%. According to the U.S. Census Bureau, the July 1, 2021, estimated population is 648,886. Montgomery County is part of the Houston-The Woodlands-Sugar Land, TX Metropolitan Statistical Area. Greater Houston has historically been among the fastest-growing metropolitan areas in the United States; it was the fastest-growing in absolute terms during the 2013–2014 census year, adding 156,371 people. The area grew 25.2% between 1990 and 2000—adding more than 950,000 people—while the country’s population increased only 13.2% over the same period, and from 2000 to 2007 alone, the area added over 910,000 people. The Greater Houston Partnership projected the metropolitan area would add between 4.1 and 8.3 million new residents between 2010 and 2050. Greater Houston has the seventh-highest metropolitan-area gross domestic product in the United States, valued at $490 billion in 2017. A major trade center anchored by the Port of Houston, Houston–The Woodlands–Sugar Land has the highest trade export value of all metropolitan areas, at over $120 billion in 2018, accounting for 42% of the total exports of Texas. As of 2021, Greater Houston is home to the headquarters of 24 Fortune 500 companies, ranking third among all metropolitan statistical areas.

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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