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Car Wash

Blue Steer Truck Wash

1191 I-35 Frontage Rd, Cotulla, TX 78014

Listing Price: $6,900,000

Cap Rate
1.00%
Tenant Name
Blue Steer Truck Wash
Guarantor
Corporate Guarantee
Rentable SF
10,913
Lease Type
Triple Net (NNN)

Investment Overview

Marcus & Millichap is pleased to exclusively offer the opportunity to acquire the The Blue Steer Truck Wash located in Cotulla, Texas. The Truck Wash is strategically placed directly off Interstate Highway 35, adjacent to two highly frequented truck stops including Flying-J’s Travel Center and Stripes Truck Stop. The site greatly benefits from the robust traffic count of the transportation of goods and services along the I-35 corridor and the Gardendale Rail Terminal. Interstate 35 serves as a crucial artery for the transportation of goods, connecting major industrial and commercial centers across the Central United States. The highway’s strategic location enables efficient movement of goods between Mexico and Canada, linking supply chains and contributing to the distribution of products across a wide range of industries. Communities located along the I-35 corridor benefit from increased economic activity due to the presence of the highway. The accessibility provided by I-35 attracts businesses seeking efficient transportation routes and distribution networks. This often leads to job creation, increased investment, and overall economic growth in these regions.

The Property is a 10,913-square-foot building positioned on a 3.00-acre lot along the I-35 corridor, which sees an average of 100,000-plus vehicles per day, transporting goods and service across the country. Included in the offering, the prospective investor has the opportunity to acquire a 2.23-acre expansion site adjacent to the property that has full municipal infrastructure for supplemental vehicle care business.

Cotulla, Texas, is located in the heart of the Eagle Ford Shale. It has emerged as a significant hub in the distribution of oil and as a major truck service center for north/south imports from the US and the global markets. Its strategic location, along with the development of its infrastructure, has led to a surge in truck and transportation traffic, making it a vital link in the supply chain.

The Emergence of Cotulla as an Oil Distribution Hub
Cotulla’s journey towards becoming an oil distribution hub can be traced back to the discovery of the Eagle Ford Shale formation in the early 2000s. This vast shale deposit, rich in oil and natural gas, presented immense economic opportunities for the region. Cotulla, strategically located near the epicenter of the Eagle Ford Shale, quickly became an ideal location for oil companies to establish their operations where 21 hotel chains and retailers serve the workforce, vendors, and operators.

Truck and Transportation Traffic
The distribution of oil from Cotulla heavily relies on truck and transportation traffic due to the region’s pipelines and rail infrastructure. As a result, Cotulla has significant traffic of heavy-duty trucks, transporting crude oil, supplies and service vehicles to various regional destinations. The trucking industry plays a pivotal role in ensuring the smooth and efficient movement of oil, connecting Cotulla to refineries, export terminals, and cross-border trade routes.

Cross-Border Trade
Cotulla’s proximity to the U.S.-Mexico border has facilitated cross-border trade serving a worldwide market. The town serves as a vital link between the United States and Mexico and the world markets, allowing for the transportation of trade products across the border through Laredo, the world’s largest inland land port. The trade relationship between the two countries strengthens Cotulla’s position as an essential player the global trade.

Projected Growth
The projected growth of Cotulla’s truck and transportation traffic is significant, driven by several factors. First, the continuous exploration and development of the Eagle Ford Shale formation are expected to increase oil production in the region. This, in turn, will lead to a higher demand for transportation services, resulting in the expansion of trucking fleets and infrastructure. Secondly, the expansion of the Panama Canal and western Mexico deep water ports has opened new opportunities for Cotulla as a major truck service hub. Larger vessels can now pass through the canal, allowing for increased trade import/exports to international markets. Consequently, the demand for transportation services from Cotulla to coastal export terminals is predicted to rise, further boosting the truck and transportation traffic.

Investment Highlights

  • Owner/ User Investment Opportunity
  • The Truck Wash has Produced Consistent Compound Revenue Growth of an Average of Over 33% Over Every Year of Operation, While also Increasing their Unit Growth by Over 20%.
  • Positioned Along Area's Major Traffic and Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 18k Vehicles. Immediate Access to Interstate Highway 35.
  • Laredo Accounts for More than 47% of United States International Trade Headed for Mexico. Located at the Southern End of Interstate Highway 35, it has the Largest Inland Port Border and Consists of Four International Bridges Connecting the Two Countries.
  • Asset Qualifies for 80% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via Accelerated Bonus Depreciation Model.

Exclusively Listed By

Financing By

Car Wash

Blue Steer Truck Wash

Listing Price: $6,900,000

Cap Rate
1.00%
Tenant Name
Blue Steer Truck Wash
Guarantor
Corporate Guarantee
Rentable SF
10,913
Lease Type
Triple Net (NNN)

Investment Highlights

  • Owner/ User Investment Opportunity
  • The Truck Wash has Produced Consistent Compound Revenue Growth of an Average of Over 33% Over Every Year of Operation, While also Increasing their Unit Growth by Over 20%.
  • Positioned Along Area's Major Traffic and Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 18k Vehicles. Immediate Access to Interstate Highway 35.
  • Laredo Accounts for More than 47% of United States International Trade Headed for Mexico. Located at the Southern End of Interstate Highway 35, it has the Largest Inland Port Border and Consists of Four International Bridges Connecting the Two Countries.
  • Asset Qualifies for 80% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via Accelerated Bonus Depreciation Model.

Investment Overview

Marcus & Millichap is pleased to exclusively offer the opportunity to acquire the The Blue Steer Truck Wash located in Cotulla, Texas. The Truck Wash is strategically placed directly off Interstate Highway 35, adjacent to two highly frequented truck stops including Flying-J’s Travel Center and Stripes Truck Stop. The site greatly benefits from the robust traffic count of the transportation of goods and services along the I-35 corridor and the Gardendale Rail Terminal. Interstate 35 serves as a crucial artery for the transportation of goods, connecting major industrial and commercial centers across the Central United States. The highway’s strategic location enables efficient movement of goods between Mexico and Canada, linking supply chains and contributing to the distribution of products across a wide range of industries. Communities located along the I-35 corridor benefit from increased economic activity due to the presence of the highway. The accessibility provided by I-35 attracts businesses seeking efficient transportation routes and distribution networks. This often leads to job creation, increased investment, and overall economic growth in these regions. The Property is a 10,913-square-foot building positioned on a 3.00-acre lot along the I-35 corridor, which sees an average of 100,000-plus vehicles per day, transporting goods and service across the country. Included in the offering, the prospective investor has the opportunity to acquire a 2.23-acre expansion site adjacent to the property that has full municipal infrastructure for supplemental vehicle care business. Cotulla, Texas, is located in the heart of the Eagle Ford Shale. It has emerged as a significant hub in the distribution of oil and as a major truck service center for north/south imports from the US and the global markets. Its strategic location, along with the development of its infrastructure, has led to a surge in truck and transportation traffic, making it a vital link in the supply chain. The Emergence of Cotulla as an Oil Distribution Hub Cotulla’s journey towards becoming an oil distribution hub can be traced back to the discovery of the Eagle Ford Shale formation in the early 2000s. This vast shale deposit, rich in oil and natural gas, presented immense economic opportunities for the region. Cotulla, strategically located near the epicenter of the Eagle Ford Shale, quickly became an ideal location for oil companies to establish their operations where 21 hotel chains and retailers serve the workforce, vendors, and operators. Truck and Transportation Traffic The distribution of oil from Cotulla heavily relies on truck and transportation traffic due to the region’s pipelines and rail infrastructure. As a result, Cotulla has significant traffic of heavy-duty trucks, transporting crude oil, supplies and service vehicles to various regional destinations. The trucking industry plays a pivotal role in ensuring the smooth and efficient movement of oil, connecting Cotulla to refineries, export terminals, and cross-border trade routes. Cross-Border Trade Cotulla’s proximity to the U.S.-Mexico border has facilitated cross-border trade serving a worldwide market. The town serves as a vital link between the United States and Mexico and the world markets, allowing for the transportation of trade products across the border through Laredo, the world’s largest inland land port. The trade relationship between the two countries strengthens Cotulla’s position as an essential player the global trade. Projected Growth The projected growth of Cotulla’s truck and transportation traffic is significant, driven by several factors. First, the continuous exploration and development of the Eagle Ford Shale formation are expected to increase oil production in the region. This, in turn, will lead to a higher demand for transportation services, resulting in the expansion of trucking fleets and infrastructure. Secondly, the expansion of the Panama Canal and western Mexico deep water ports has opened new opportunities for Cotulla as a major truck service hub. Larger vessels can now pass through the canal, allowing for increased trade import/exports to international markets. Consequently, the demand for transportation services from Cotulla to coastal export terminals is predicted to rise, further boosting the truck and transportation traffic.

Exclusively Listed By

Financing By

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