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Car Wash

WhiteWater Express (1.59-Acre Site)

111 Sparta Rd, Belton, TX 76513

Listing Price: $1,910,000

Cap Rate
5.50%
Tenant Name
WhiteWater Express
Years Remaining On Lease
19.9
Gross SF
4,000
Guarantor
Corporate Guarantee
Rentable SF
4,000
Price/Gross SF
$477.50
Lease Type
Ground Lease
Rent Per Square Feet
$26.25

Investment Overview

Offered for sale is a new construction WhiteWater Express car wash located in Belton, Texas, operating under a 20-year corporate ground lease. The property generates an initial NOI of $105,000 with 2% annual rent escalations, offering approximately 49% cumulative rent growth over the base term. Strategically positioned along a dominant retail corridor anchored by Walmart Supercenter and H-E-B Plus, the site benefits from strong traffic counts and consumer draw. The asset provides passive income backed by a rapidly expanding operator with a significant presence across Texas and the Sun Belt.

Investment Highlights

  • New 20-Year Ground Lease With 2% Annual Rent Escalations
  • Strong Visibility on Sparta Road (10,090 VPD) Just Off North Main Street (21,707 VPD)
  • Regional Retail Corridor Anchored by Walmart Supercenter and H-E-B Plus
  • New Construction Express Car Wash on 1.59-Acre Site | Q2 2026 Delivery
  • Expanding Market Along the Austin–Waco Corridor | 78,677 Residents (5-Mile Radius)
  • Cross Access With Adjacent Take 5 Oil Change | Auto Tenant Synergy
  • WhiteWater Express Car Wash | 140+ Locations Across Seven States

Exclusively Listed By

Car Wash

WhiteWater Express (1.59-Acre Site)

Listing Price: $1,910,000

Cap Rate
5.50%
Tenant Name
WhiteWater Express
Years Remaining On Lease
19.9
Gross SF
4,000
Guarantor
Corporate Guarantee
Rentable SF
4,000
Price/Gross SF
$477.50
Lease Type
Ground Lease
Rent Per Square Feet
$26.25

Investment Highlights

  • New 20-Year Ground Lease With 2% Annual Rent Escalations
  • Strong Visibility on Sparta Road (10,090 VPD) Just Off North Main Street (21,707 VPD)
  • Regional Retail Corridor Anchored by Walmart Supercenter and H-E-B Plus
  • New Construction Express Car Wash on 1.59-Acre Site | Q2 2026 Delivery
  • Expanding Market Along the Austin–Waco Corridor | 78,677 Residents (5-Mile Radius)
  • Cross Access With Adjacent Take 5 Oil Change | Auto Tenant Synergy
  • WhiteWater Express Car Wash | 140+ Locations Across Seven States

Investment Overview

Offered for sale is a new construction WhiteWater Express car wash located in Belton, Texas, operating under a 20-year corporate ground lease. The property generates an initial NOI of $105,000 with 2% annual rent escalations, offering approximately 49% cumulative rent growth over the base term. Strategically positioned along a dominant retail corridor anchored by Walmart Supercenter and H-E-B Plus, the site benefits from strong traffic counts and consumer draw. The asset provides passive income backed by a rapidly expanding operator with a significant presence across Texas and the Sun Belt.

Exclusively Listed By

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