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Car Wash

Absolute Net 20 Year Car Wash | #1 in Texas & Top 15 Nationally | Houston | 100% Bonus Depreciation

610 N Loop 336 W, Conroe, TX 77301

Listing Price: $6,122,558

Cap Rate
6.10%
Tenant Name
ClearWater Express Wash
Years Remaining On Lease
16.8
Guarantor
Corporate Guarantee
Rentable SF
5,444
Lease Type
Absolute Net
Rent Per Square Feet
$68.60

Investment Overview

BlueWave Express Car Wash: 61 operating sites with 6 under construction ClearWater Express Wash: 28 operating sites with 1 under construction Combined Total: 96 sites nationwide | 89 operating, 7 under construction Texas #1: The merger consolidates leadership in the fastest-growing state for express car wash operations. National Ranking: With 96 total locations, the combined platform secures a Top 15 ranking among U.S. operators and top operator in Texas, setting the stage for continued expansion.

Investment Highlights

  • 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
  • 100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model.
  • Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System Featuring 140' Tunnel, Two-Lane Pay- Stations and 20 Vacuum Bays.
  • 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 BlueWave Express Creates 90+ Locations Nationwide Reinforces Long- Term Stability, Scale, and Growth Potential.
  • 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 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.

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

Absolute Net 20 Year Car Wash | #1 in Texas & Top 15 Nationally | Houston | 100% Bonus Depreciation

Listing Price: $6,122,558

Cap Rate
6.10%
Tenant Name
ClearWater Express Wash
Years Remaining On Lease
16.8
Guarantor
Corporate Guarantee
Rentable SF
5,444
Lease Type
Absolute Net
Rent Per Square Feet
$68.60

Investment Highlights

  • 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
  • 100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model.
  • Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System Featuring 140' Tunnel, Two-Lane Pay- Stations and 20 Vacuum Bays.
  • 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 BlueWave Express Creates 90+ Locations Nationwide Reinforces Long- Term Stability, Scale, and Growth Potential.
  • 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 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.

Investment Overview

BlueWave Express Car Wash: 61 operating sites with 6 under construction ClearWater Express Wash: 28 operating sites with 1 under construction Combined Total: 96 sites nationwide | 89 operating, 7 under construction Texas #1: The merger consolidates leadership in the fastest-growing state for express car wash operations. National Ranking: With 96 total locations, the combined platform secures a Top 15 ranking among U.S. operators and top operator in Texas, setting the stage for continued expansion.

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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