Car Wash
Absolute Net 20 Year Car Wash | Houston MSA | Bonus Depreciation | 2022 Construction
902 Katy Fort Bend Road, Katy (Houston MSA), TX 77494
Listing Price: $5,833,333
Investment Overview
Katy is a city in the U.S. state of Texas within the Greater Katy area, itself forming the western part of the Greater Houston metropolitan area. Homes and businesses may have Katy postal addresses without being in the City of Katy. The city of Katy is approximately centered at the tripoint of Harris, Fort Bend, and Waller counties. Katy had a population of 21,894 at the 2020 U.S. census, up from 14,102 in 2010. Beginning in the 1960s, the rapid growth of Houston moved westward along the new Interstate 10 corridor, bringing Katy into its environs. Today, Katy lies at the center of a broader area known as Greater Katy, which has become heavily urbanized. Several corporations are headquartered in areas surrounding Katy. Igloo Corporation is headquartered west of Katy in unincorporated Waller County. Academy Sports and Outdoors has its corporate offices and product distribution center in unincorporated western Harris County. BP America is headquartered in the Houston Energy Corridor and is the area’s largest employer, with 5,500 employees on its Westlake campus as of 2009. BP’s Katy operations include engineering and business support for much of BP’s onshore operations in the contiguous United States, as well as its operations in the Gulf of Mexico. In 2017, Amazon constructed a 1 million-square-foot distribution center near the intersection of Highway 90 and Woods Road. In 2021, it was estimated that new development projects were near completion to stimulate the local economy.
Investment Highlights
- 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- 80% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model.
- Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 18k Vehicles. Immediate Access to Interstate-10 (153k+ VPD).
- Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System Featuring 140' Tunnel, Triple Lane Pay-Stations and 20 Vacuum Bays.
- Located in a Rapidly Expanding Dense Urban Infill Area - The Area is now Undergoing Major Development because of its Close Proximity to Downtown Houston, The Energy Corridor, Major Highways, Shopping Centers and more.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $127k and over 259k 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.
- Adjacent to In-n-Out Burger and near Numerous other National Retailers including Walmart Supercenter, Dick's Sporting Goods, H-E-B, Costco, Academy Sports and many more. Walking Distance from Katy Mills Mall - a 1.3M+ Sq.Ft Shopping Center featuring more than 160 Stores including a 20-Screen Movie Theater. It is one of the Tourist Destinations in Houston.
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments
Financing By
Car Wash
Absolute Net 20 Year Car Wash | Houston MSA | Bonus Depreciation | 2022 Construction
Listing Price: $5,833,333
Investment Highlights
- 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- 80% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model.
- Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 18k Vehicles. Immediate Access to Interstate-10 (153k+ VPD).
- Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System Featuring 140' Tunnel, Triple Lane Pay-Stations and 20 Vacuum Bays.
- Located in a Rapidly Expanding Dense Urban Infill Area - The Area is now Undergoing Major Development because of its Close Proximity to Downtown Houston, The Energy Corridor, Major Highways, Shopping Centers and more.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $127k and over 259k 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.
- Adjacent to In-n-Out Burger and near Numerous other National Retailers including Walmart Supercenter, Dick's Sporting Goods, H-E-B, Costco, Academy Sports and many more. Walking Distance from Katy Mills Mall - a 1.3M+ Sq.Ft Shopping Center featuring more than 160 Stores including a 20-Screen Movie Theater. It is one of the Tourist Destinations in Houston.
Investment Overview
Katy is a city in the U.S. state of Texas within the Greater Katy area, itself forming the western part of the Greater Houston metropolitan area. Homes and businesses may have Katy postal addresses without being in the City of Katy. The city of Katy is approximately centered at the tripoint of Harris, Fort Bend, and Waller counties. Katy had a population of 21,894 at the 2020 U.S. census, up from 14,102 in 2010. Beginning in the 1960s, the rapid growth of Houston moved westward along the new Interstate 10 corridor, bringing Katy into its environs. Today, Katy lies at the center of a broader area known as Greater Katy, which has become heavily urbanized. Several corporations are headquartered in areas surrounding Katy. Igloo Corporation is headquartered west of Katy in unincorporated Waller County. Academy Sports and Outdoors has its corporate offices and product distribution center in unincorporated western Harris County. BP America is headquartered in the Houston Energy Corridor and is the area’s largest employer, with 5,500 employees on its Westlake campus as of 2009. BP’s Katy operations include engineering and business support for much of BP’s onshore operations in the contiguous United States, as well as its operations in the Gulf of Mexico. In 2017, Amazon constructed a 1 million-square-foot distribution center near the intersection of Highway 90 and Woods Road. In 2021, it was estimated that new development projects were near completion to stimulate the local economy.
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments
Financing By

