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Car Wash

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

279 NW John Jones Dr, Burleson (DFW MSA), TX 76028

Listing Price: $7,500,000

Cap Rate
6.00%
Tenant Name
ClearWater Express Wash
Years Remaining On Lease
15.0
Gross SF
4,935
Guarantor
Corporate Guarantee
Rentable SF
4,935
Price/Gross SF
$1,519.76
Lease Type
Absolute Net
Rent Per Square Feet
$91.19

Investment Overview

Burleson is a city in Johnson and Tarrant counties in the U.S. state of Texas. It is a suburb of Fort Worth. As of the 2010 census it had a population of 36,690, and in 2019 it had an estimated population of 48,225. Fort Worth is the fifth-largest city in the U.S. state of Texas and the 13th-largest city in the United States. It is the county seat of Tarrant County, covering nearly 350 square miles into four other counties: Denton, Johnson, Parker, and Wise. According to a 2022 United States census estimate, Fort Worth’s population was 958,692. Fort Worth is the second-largest city in the Dallas–Fort Worth–Arlington metropolitan area, which is the fourth most populous metropolitan area in the United States. The city of Fort Worth was established in 1849 as an army outpost on a bluff overlooking the Trinity River. Fort Worth has historically been a center of the Texas Longhorn cattle trade. It still embraces its Western heritage and traditional architecture and design. USS Fort Worth (LCS-3) is the first ship of the United States Navy named after the city. Nearby Dallas has held a population majority as long as records have been kept, yet Fort Worth has become one of the fastest-growing cities in the United States at the beginning of the 21st century, nearly doubling its population since 2000.

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 the Accelerated Bonus Depreciation Model. Recommend Consulting your Tax Advisor.
  • Positioned Along Area's Traffic & Retail Corridor. Easy Access and Excellent with Daily Traffic Counts Exceeding 15k Vehicles. Near TX-174, features Daily Traffic Counts Exceeding 38k Vehicles.
  • Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System Featuring 125' Tunnel, Three-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 and Affluent Fort Worth Suburb: Features an Average Household Income of $98k+ and more than 96k People Residing within a 5-Mile Radius.
  • Pad to H-E-B plus!, Directly Across from Target and near Numerous other National Retailers including The Home Depot, ALDI, Walmart Supercenter, Walgreens, Tractor Supply and many more. Walking Distance from Burleson Commons - A Regional Power Center Anchored by a Kroger Marketplace. This Center also has a Mix of Restaurants, Medical Services as well as other Personal Services and Retail.
  • 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 | Dallas-Fort Worth MSA | Bonus Depreciation | 2022 Construction

Listing Price: $7,500,000

Cap Rate
6.00%
Tenant Name
ClearWater Express Wash
Years Remaining On Lease
15.0
Gross SF
4,935
Guarantor
Corporate Guarantee
Rentable SF
4,935
Price/Gross SF
$1,519.76
Lease Type
Absolute Net
Rent Per Square Feet
$91.19

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 the Accelerated Bonus Depreciation Model. Recommend Consulting your Tax Advisor.
  • Positioned Along Area's Traffic & Retail Corridor. Easy Access and Excellent with Daily Traffic Counts Exceeding 15k Vehicles. Near TX-174, features Daily Traffic Counts Exceeding 38k Vehicles.
  • Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System Featuring 125' Tunnel, Three-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 and Affluent Fort Worth Suburb: Features an Average Household Income of $98k+ and more than 96k People Residing within a 5-Mile Radius.
  • Pad to H-E-B plus!, Directly Across from Target and near Numerous other National Retailers including The Home Depot, ALDI, Walmart Supercenter, Walgreens, Tractor Supply and many more. Walking Distance from Burleson Commons - A Regional Power Center Anchored by a Kroger Marketplace. This Center also has a Mix of Restaurants, Medical Services as well as other Personal Services and Retail.
  • 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

Burleson is a city in Johnson and Tarrant counties in the U.S. state of Texas. It is a suburb of Fort Worth. As of the 2010 census it had a population of 36,690, and in 2019 it had an estimated population of 48,225. Fort Worth is the fifth-largest city in the U.S. state of Texas and the 13th-largest city in the United States. It is the county seat of Tarrant County, covering nearly 350 square miles into four other counties: Denton, Johnson, Parker, and Wise. According to a 2022 United States census estimate, Fort Worth’s population was 958,692. Fort Worth is the second-largest city in the Dallas–Fort Worth–Arlington metropolitan area, which is the fourth most populous metropolitan area in the United States. The city of Fort Worth was established in 1849 as an army outpost on a bluff overlooking the Trinity River. Fort Worth has historically been a center of the Texas Longhorn cattle trade. It still embraces its Western heritage and traditional architecture and design. USS Fort Worth (LCS-3) is the first ship of the United States Navy named after the city. Nearby Dallas has held a population majority as long as records have been kept, yet Fort Worth has become one of the fastest-growing cities in the United States at the beginning of the 21st century, nearly doubling its population since 2000.

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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