Skip to main content

Car Wash

20 Year Absolute Net Leasehold Car Wash | Houston | Bonus Depreciation | Forward Purchase Program

12150 Farm to Market 1960 Rd W, Houston, TX 77065

Listing Price: $6,960,000

Cap Rate
8.25%
Tenant Name
Tommy's Express Car Wash
Years Remaining On Lease
20.9
Gross SF
4,625
Guarantor
Franchisee Guarantee
Rentable SF
4,625
Price/Gross SF
$1,504.86
Lease Type
Absolute Net
Rent Per Square Feet
$124.17

Investment Overview

Houston is the most populous city in the 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 Leasehold (Zero Landlord Obligations) Featuring 1.5% Annual Rental Increases throughout the Initial Term and Options. No Tommy's Location has ever Failed.
  • Bonus Depreciation - Ownership of a Leasehold Interest Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model. Recommend Consulting your Accountant.
  • Positioned Along Area's Major Traffic & Retail Corridor. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 50k Vehicles.
  • Minutes from HCA Houston Healthcare North Cypress - a 163-Licensed Bed, General Acute Care Hospital. The Hospital has Grown and is now Part of the Largest Healthcare System in Houston, HCA Houston Healthcare.
  • Pad to a Kroger and Kohl's Anchored Retail Center and Near Numerous other National Retailers including Walmart Supercenter, Target, The Home Depot, Academy Sports, CVS, Hobby Lobby and more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $99k and over 278k 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.
  • In Close Proximity to from Aberdeen Business Park which is home to several Business Headquarters, Industrial, Distribution, and Flex-Space Facilities. Surrounded by over 2.6 million Square Feet of Warehouse, Industrial, and Distribution Space within a 3-Mile Radius. Near Cypress Falls High School which has an Enrollment of over 3,200 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

20 Year Absolute Net Leasehold Car Wash | Houston | Bonus Depreciation | Forward Purchase Program

Listing Price: $6,960,000

Cap Rate
8.25%
Tenant Name
Tommy's Express Car Wash
Years Remaining On Lease
20.9
Gross SF
4,625
Guarantor
Franchisee Guarantee
Rentable SF
4,625
Price/Gross SF
$1,504.86
Lease Type
Absolute Net
Rent Per Square Feet
$124.17

Investment Highlights

  • 20 Year Absolute Net Leasehold (Zero Landlord Obligations) Featuring 1.5% Annual Rental Increases throughout the Initial Term and Options. No Tommy's Location has ever Failed.
  • Bonus Depreciation - Ownership of a Leasehold Interest Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model. Recommend Consulting your Accountant.
  • Positioned Along Area's Major Traffic & Retail Corridor. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 50k Vehicles.
  • Minutes from HCA Houston Healthcare North Cypress - a 163-Licensed Bed, General Acute Care Hospital. The Hospital has Grown and is now Part of the Largest Healthcare System in Houston, HCA Houston Healthcare.
  • Pad to a Kroger and Kohl's Anchored Retail Center and Near Numerous other National Retailers including Walmart Supercenter, Target, The Home Depot, Academy Sports, CVS, Hobby Lobby and more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $99k and over 278k 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.
  • In Close Proximity to from Aberdeen Business Park which is home to several Business Headquarters, Industrial, Distribution, and Flex-Space Facilities. Surrounded by over 2.6 million Square Feet of Warehouse, Industrial, and Distribution Space within a 3-Mile Radius. Near Cypress Falls High School which has an Enrollment of over 3,200 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 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

MM Texture Background
MM Textured Background Lower