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Car Wash

Clean Freak Car Wash Ground Lease - 20 Yr NNN

19210 Preston Rd, Dallas, TX 75252

Listing Price: $2,095,000

Cap Rate
5.25%
Tenant Name
True Blue Car Wash, LLC
Years Remaining On Lease
20.4
Gross SF
5,200
Guarantor
Corporate Guarantee
Rentable SF
5,200
Price/Gross SF
$402.88
Lease Type
NNN Ground Lease
Rent Per Square Feet
$21.15

Investment Overview

Marcus & Millichap is pleased to present for sale Clean Freak Car Wash in Dallas, Texas. With 27 locations throughout Arizona and Texas, Clean Freak Car Wash offers a variety of car wash services including single washes and unlimited car wash memberships.

Dallas is the most populous city in the Dallas/Fort Worth Metroplex with a population of over 1.3 million people as of the 2020 U.S. Census. The construction of the Interstate Highway System reinforced Dallas’ prominence as a transportation hub, with four major interstate highways converging in the city and a fifth interstate loop around it. The city is further connected through its public transportation system, DART (Dallas Area Rapid Transit). The city of Dallas welcomes 24.9 million visitors each year, resulting in a thriving tourism industry.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Ground Lease with Corporate Guaranty
  • Alimentation Couche-Tard (Circle K) Acquired Clean Freak Parent Company in 2022, Adding to Circle K's Network of 2,500 Car Wash Locations
  • Two Percent Annual Rental Increases
  • New High-Quality 2024 Construction
  • 374,991 Residents within a Five-Mile Radius - Dallas/Fort Worth MSA
  • Outparcel to Lowe's and Adjacent to Brand New AutoZone and Dutch Bros Currently Under Construction
  • Excellent Frontage and Accessibility Along Preston Road (More Than 68,500 Combined Cars per Day at the Intersection)
  • Located Immediately Off the President George Bush Turnpike (152,300 Cars per Day)

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Car Wash

Clean Freak Car Wash Ground Lease - 20 Yr NNN

Listing Price: $2,095,000

Cap Rate
5.25%
Tenant Name
True Blue Car Wash, LLC
Years Remaining On Lease
20.4
Gross SF
5,200
Guarantor
Corporate Guarantee
Rentable SF
5,200
Price/Gross SF
$402.88
Lease Type
NNN Ground Lease
Rent Per Square Feet
$21.15

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Ground Lease with Corporate Guaranty
  • Alimentation Couche-Tard (Circle K) Acquired Clean Freak Parent Company in 2022, Adding to Circle K's Network of 2,500 Car Wash Locations
  • Two Percent Annual Rental Increases
  • New High-Quality 2024 Construction
  • 374,991 Residents within a Five-Mile Radius - Dallas/Fort Worth MSA
  • Outparcel to Lowe's and Adjacent to Brand New AutoZone and Dutch Bros Currently Under Construction
  • Excellent Frontage and Accessibility Along Preston Road (More Than 68,500 Combined Cars per Day at the Intersection)
  • Located Immediately Off the President George Bush Turnpike (152,300 Cars per Day)

Investment Overview

Marcus & Millichap is pleased to present for sale Clean Freak Car Wash in Dallas, Texas. With 27 locations throughout Arizona and Texas, Clean Freak Car Wash offers a variety of car wash services including single washes and unlimited car wash memberships. Dallas is the most populous city in the Dallas/Fort Worth Metroplex with a population of over 1.3 million people as of the 2020 U.S. Census. The construction of the Interstate Highway System reinforced Dallas’ prominence as a transportation hub, with four major interstate highways converging in the city and a fifth interstate loop around it. The city is further connected through its public transportation system, DART (Dallas Area Rapid Transit). The city of Dallas welcomes 24.9 million visitors each year, resulting in a thriving tourism industry.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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