Cap Rate
5.71%
Year Built
2024
Term Remaining
±19.5 YRS
NOI
$140,000
Property Type
Retail
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
- STABLE LONG-TERM INVESTMENT – The property is secured by a new 20-yr NNN ground lease. Tenant is responsible for all property taxes, insurance, and maintenance. Ideal structure for investors seeking passive investment opportunities.
- GROWING MARKET / STRONG DEMOGRAPHICS – Angleton, TX, is a growing community with strong demand for car wash services, supported by the surrounding residential and commercial developments. The area’s increasing population and improving economic environment make this an attractive market for long-term investment.
- POPULATION GROWTH – The local population is projected to grow by another 11.70% in a 3-mile radius over the next 5 years, further supporting long term stability and tenant profitability at this location.
- STRONG GUARANTEE – This lease is secured by one of the strongest guarantees in the car wash industry. Operated & guaranteed by Quick Quack corporate, this location is backed by ±260 locations.
- HIGH-VISIBILITY / MAJOR TRAFFIC CORRIDOR – This site benefits from high visibility and strong traffic exposure, being located along a key thoroughfare. This prime location ensures consistent customer traffic, over ±31,000 combined VPD, contributing to the car wash’s long-term success and profitability.
- STRATEGIC LOCATION & RETAIL CORRIDOR – Strategically located near major national retail tenants such as Walmart Supercenter, Kroger, McDonald’s, Walgreens, Starbucks, Whataburger and many other national brands. This concentration of national retailers creates a thriving commercial hub, making the car wash an ideal destination for customers and further supporting the stability and growth potential of the investment.
Broker of Record
- Patrick Graham
- License No. 9005919 (TX)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc.
- 8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225