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Car Wash

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

24129 Boerne Stage Rd, San Antonio, TX 78255

Listing Price: $7,540,946

Cap Rate
6.50%
Tenant Name
BlueWave Express Car Wash
Years Remaining On Lease
20.5
Gross SF
3,215
Guarantor
Corporate Guarantee
Rentable SF
3,215
Price/Gross SF
$2,345.55
Lease Type
Absolute Net
Rent Per Square Feet
$152.46

Investment Overview

San Antonio is one of the fastest-growing metropolitan areas in the United States, supported by strong population growth, a diversified employment base, and a business-friendly economic environment. The city benefits from consistent in-migration driven by affordability, quality of life, and Texas’ favorable tax structure, including no state income tax. Major industries include healthcare, energy, financial services, military, and technology, providing a stable and resilient economic foundation.

The subject property is located within the highly desirable northwest San Antonio submarket, one of the region’s most dynamic growth corridors. This area has experienced significant residential expansion over the past decade, fueled by demand from both local and relocating populations seeking proximity to employment centers and access to the Texas Hill Country. Nearby communities such as Boerne, Leon Springs, and Fair Oaks Ranch continue to see strong housing development and population growth.

The property benefits from its proximity to Interstate 10, a major east-west transportation corridor that connects the northwest submarket to downtown San Antonio and the broader metropolitan area. This corridor is a primary commuter route, supporting strong daily traffic volumes and accessibility.

Additionally, the area is anchored by major employment drivers including USAA, Valero Energy, and the nearby South Texas Medical Center, one of the largest medical districts in the country. These institutions support a large daytime population and stable employment base.

The surrounding retail environment is highlighted by premier destinations such as La Cantera and The Rim, which draw consumers from across the region. Overall, the northwest San Antonio corridor offers strong fundamentals, continued growth, and long-term demand drivers.

Investment Highlights

  • 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 1.5% Annual Rental Increases Throughout the Initial Term and Options. High Quality Construction with Top of the Line Equipment.
  • 100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model.
  • Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation. Strategic Alliance with ClearWater Express Wash Creates 95+ Locations Nationwide.
  • Strategically Positioned Near Interstate 10 within San Antonio's Northwest Growth Corridor Providing Direct Connectivity to Downtown San Antonio and High Growth Hill Country Communities including Boerne and Leon Springs.
  • Within Established and Highly Desirable Northwest San Antonio - Widely Recognized as One of the City's Most Desirable Areas, Supported by Strong Demographics, Quality Housing, and Continued Residential Demand.
  • 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.
  • Affluent Trade Area Supported by $162k+ Average Household Incomes and Strong Residential Growth. Surrounded by High Income Communities with Continued Development Supporting Long-Term Demand for Convenience and Service-Oriented Retail Uses.
  • Proximity to Major Employment Centers Supporting Daily Commuter Traffic - Accessible to Major Employers including USAA and Valero Energy, Supporting Consistent Commuter Patterns and Daytime Population Density. Minutes from La Cantera and The Rim, two of San Antonio's Premier Retail and Entertainment Destinations. High Traffic Location Benefits from Strong Retail Synergy, Consumer Draw, and Regional Destination Shopping Patterns.

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: $7,540,946

Cap Rate
6.50%
Tenant Name
BlueWave Express Car Wash
Years Remaining On Lease
20.5
Gross SF
3,215
Guarantor
Corporate Guarantee
Rentable SF
3,215
Price/Gross SF
$2,345.55
Lease Type
Absolute Net
Rent Per Square Feet
$152.46

Investment Highlights

  • 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 1.5% Annual Rental Increases Throughout the Initial Term and Options. High Quality Construction with Top of the Line Equipment.
  • 100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model.
  • Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation. Strategic Alliance with ClearWater Express Wash Creates 95+ Locations Nationwide.
  • Strategically Positioned Near Interstate 10 within San Antonio's Northwest Growth Corridor Providing Direct Connectivity to Downtown San Antonio and High Growth Hill Country Communities including Boerne and Leon Springs.
  • Within Established and Highly Desirable Northwest San Antonio - Widely Recognized as One of the City's Most Desirable Areas, Supported by Strong Demographics, Quality Housing, and Continued Residential Demand.
  • 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.
  • Affluent Trade Area Supported by $162k+ Average Household Incomes and Strong Residential Growth. Surrounded by High Income Communities with Continued Development Supporting Long-Term Demand for Convenience and Service-Oriented Retail Uses.
  • Proximity to Major Employment Centers Supporting Daily Commuter Traffic - Accessible to Major Employers including USAA and Valero Energy, Supporting Consistent Commuter Patterns and Daytime Population Density. Minutes from La Cantera and The Rim, two of San Antonio's Premier Retail and Entertainment Destinations. High Traffic Location Benefits from Strong Retail Synergy, Consumer Draw, and Regional Destination Shopping Patterns.

Investment Overview

San Antonio is one of the fastest-growing metropolitan areas in the United States, supported by strong population growth, a diversified employment base, and a business-friendly economic environment. The city benefits from consistent in-migration driven by affordability, quality of life, and Texas’ favorable tax structure, including no state income tax. Major industries include healthcare, energy, financial services, military, and technology, providing a stable and resilient economic foundation. The subject property is located within the highly desirable northwest San Antonio submarket, one of the region’s most dynamic growth corridors. This area has experienced significant residential expansion over the past decade, fueled by demand from both local and relocating populations seeking proximity to employment centers and access to the Texas Hill Country. Nearby communities such as Boerne, Leon Springs, and Fair Oaks Ranch continue to see strong housing development and population growth. The property benefits from its proximity to Interstate 10, a major east-west transportation corridor that connects the northwest submarket to downtown San Antonio and the broader metropolitan area. This corridor is a primary commuter route, supporting strong daily traffic volumes and accessibility. Additionally, the area is anchored by major employment drivers including USAA, Valero Energy, and the nearby South Texas Medical Center, one of the largest medical districts in the country. These institutions support a large daytime population and stable employment base. The surrounding retail environment is highlighted by premier destinations such as La Cantera and The Rim, which draw consumers from across the region. Overall, the northwest San Antonio corridor offers strong fundamentals, continued growth, and long-term demand drivers.

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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