Car Wash
Argyle Car Wash
104 Frenchtown Rd, Argyle, TX 76226
Listing Price: $1,800,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Argyle Car Wash in Argyle, Texas. The property consists of a 1,683-square-foot, freestanding building that sits on approximately 1.03 acres of land. This is a sale/leaseback with 15-year lease term, with 10 percent rental increases every five years.
Argyle Car Wash
Investment Highlights
- New 15-Year Absolute Net Lease with 10 Percent Rental Escalations Every Five Years
- Affluent Trade Area - Average Household Income is $193,084 Within a Five-Mile Radius
- Denton County was the Seventh Texas County to Surpass 1 Million Residents and Ranks Third Statewide in Population Growth for 2023
- 2021 Construction with an Automatic Car Wash and 13 Self-Service Bays – Open 24/7
- Planned Widening of US 377 (16,864 VPD, Representing a 41 Percent Increase in Vehicle Traffic Since 2020 to Accommodate Increased Traffic Volume
- Surrounded by Numerous New and Developing Residential Neighborhoods
- Growing Northern Region of the Dallas/Fort Worth MSA – 305 Percent Population Growth Since 2000 and 23 Percent Projected Growth by 2027 (5-Mile Radius)
Exclusively Listed By
Financing By
Listing Price: $1,800,000
Investment Highlights
- New 15-Year Absolute Net Lease with 10 Percent Rental Escalations Every Five Years
- Affluent Trade Area - Average Household Income is $193,084 Within a Five-Mile Radius
- Denton County was the Seventh Texas County to Surpass 1 Million Residents and Ranks Third Statewide in Population Growth for 2023
- 2021 Construction with an Automatic Car Wash and 13 Self-Service Bays – Open 24/7
- Planned Widening of US 377 (16,864 VPD, Representing a 41 Percent Increase in Vehicle Traffic Since 2020 to Accommodate Increased Traffic Volume
- Surrounded by Numerous New and Developing Residential Neighborhoods
- Growing Northern Region of the Dallas/Fort Worth MSA – 305 Percent Population Growth Since 2000 and 23 Percent Projected Growth by 2027 (5-Mile Radius)
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Argyle Car Wash in Argyle, Texas. The property consists of a 1,683-square-foot, freestanding building that sits on approximately 1.03 acres of land. This is a sale/leaseback with 15-year lease term, with 10 percent rental increases every five years.
Exclusively Listed By
Financing By
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