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Car Wash

Abs. Net 20-Yr Car Wash | #1 Texas Operator | 100% Bonus Depreciation Tax Savings | Annual increases

1807 US-83, Penitas (Rio Grande Valley), TX 78576

Listing Price: $6,037,811

Cap Rate
6.35%
Tenant Name
BlueWave Express Car Wash
Years Remaining On Lease
20.1
Gross SF
4,515
Guarantor
Corporate Guarantee
Rentable SF
4,515
Price/Gross SF
$1,337.28
Lease Type
Absolute Net
Rent Per Square Feet
$84.92

Investment Overview

The Rio Grande Valley — often called “the Valley” — is a vibrant and fast-growing region located at the southernmost tip of Texas, stretching along the Rio Grande River and near the Gulf of Mexico. Known for its warm subtropical climate, strong cultural roots, and friendly communities, the area blends the best of American and Mexican traditions. This cultural fusion gives the Valley its unique character, with a thriving bilingual population, authentic cuisine, lively festivals, and a deep sense of community pride.
Economically, the Rio Grande Valley has transformed into one of Texas’s most dynamic growth corridors. Once primarily known for its citrus and agricultural production, it has become a major center for international trade, healthcare, education, and advanced manufacturing. Its proximity to the U.S.–Mexico border fuels cross-border commerce and logistics, while affordable living costs, a skilled workforce, and steady infrastructure investment continue to attract new residents and businesses alike.
Nature is another defining feature of the Valley. The area’s rich wetlands, wildlife refuges, and national parks make it a haven for outdoor enthusiasts and birdwatchers from across the country. The World Birding Center and South Padre Island offer world-class ecotourism and coastal recreation, while year-round sunshine encourages an active outdoor lifestyle.
The Rio Grande Valley also benefits from strong educational and medical institutions, including the rapidly growing University of Texas Rio Grande Valley and modern healthcare systems serving the entire region. With its combination of cultural richness, business opportunity, natural beauty, and welcoming spirit, the Rio Grande Valley stands out as one of Texas’s most promising and livable regions — a place where growth and community thrive together.

Investment Highlights

  • 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
  • Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System.
  • 100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model. Recommend Consulting your Accountant or
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction
  • Service-Based, Internet Resistant, and RecessionProof Investment Poised for Long-Term Success: The Car Wash Business is a Highly Segmented $15 Billion Industry that is growing at 3.2% Annually.
  • Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation. Backed by Strong Unit Economics and Consistent Membership Growth. Strategic Alliance with ClearWater Express Wash Creates 95+ Locations Nationwide Reinforces Long-Term Stability, Scale, and Growth Potential.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    Managing Director Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Car Wash

Abs. Net 20-Yr Car Wash | #1 Texas Operator | 100% Bonus Depreciation Tax Savings | Annual increases

Listing Price: $6,037,811

Cap Rate
6.35%
Tenant Name
BlueWave Express Car Wash
Years Remaining On Lease
20.1
Gross SF
4,515
Guarantor
Corporate Guarantee
Rentable SF
4,515
Price/Gross SF
$1,337.28
Lease Type
Absolute Net
Rent Per Square Feet
$84.92

Investment Highlights

  • 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
  • Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System.
  • 100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model. Recommend Consulting your Accountant or
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction
  • Service-Based, Internet Resistant, and RecessionProof Investment Poised for Long-Term Success: The Car Wash Business is a Highly Segmented $15 Billion Industry that is growing at 3.2% Annually.
  • Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation. Backed by Strong Unit Economics and Consistent Membership Growth. Strategic Alliance with ClearWater Express Wash Creates 95+ Locations Nationwide Reinforces Long-Term Stability, Scale, and Growth Potential.

Investment Overview

The Rio Grande Valley — often called “the Valley” — is a vibrant and fast-growing region located at the southernmost tip of Texas, stretching along the Rio Grande River and near the Gulf of Mexico. Known for its warm subtropical climate, strong cultural roots, and friendly communities, the area blends the best of American and Mexican traditions. This cultural fusion gives the Valley its unique character, with a thriving bilingual population, authentic cuisine, lively festivals, and a deep sense of community pride. Economically, the Rio Grande Valley has transformed into one of Texas’s most dynamic growth corridors. Once primarily known for its citrus and agricultural production, it has become a major center for international trade, healthcare, education, and advanced manufacturing. Its proximity to the U.S.–Mexico border fuels cross-border commerce and logistics, while affordable living costs, a skilled workforce, and steady infrastructure investment continue to attract new residents and businesses alike. Nature is another defining feature of the Valley. The area’s rich wetlands, wildlife refuges, and national parks make it a haven for outdoor enthusiasts and birdwatchers from across the country. The World Birding Center and South Padre Island offer world-class ecotourism and coastal recreation, while year-round sunshine encourages an active outdoor lifestyle. The Rio Grande Valley also benefits from strong educational and medical institutions, including the rapidly growing University of Texas Rio Grande Valley and modern healthcare systems serving the entire region. With its combination of cultural richness, business opportunity, natural beauty, and welcoming spirit, the Rio Grande Valley stands out as one of Texas’s most promising and livable regions — a place where growth and community thrive together.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    Managing Director Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

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