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111 N Holland St - ABS. NET 20-YR CAR WASH | BONUS DEPRECIATION 4,932 SF Specialty Building Offered at $9,606,222 CAD at a 6.50% Cap Rate in Willis, TX 77378
Investment Highlights
- 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
- Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success.
- Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation. Strong Unit Economics and Consistent Membership Growth.
- 100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation.
- The Car Wash Business is a Highly Segmented $15 Billion Industry that is growing at 3.2% Annually.
- Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics.
Executive Summary
Absolute Net 20-Year Car Wash | #1 in Texas and Top 15 Nationally | 100% Bonus Depreciation | 1.5% Annual increases
Property Facts
| Price | $9,606,222 CAD | Building Class | B |
| Price Per SF | $1,947.73 CAD | Lot Size | 1.26 AC |
| Sale Type | Investment | Building Size | 4,932 SF |
| Cap Rate | 6.50% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Zoning | 4 | ||
| Price | $9,606,222 CAD |
| Price Per SF | $1,947.73 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.26 AC |
| Building Size | 4,932 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Opportunity Zone |
Yes |
| Zoning | 4 |
Amenities
- Signage
1 1
Property Taxes
| Parcel Number | 9570-00-42000 | Improvements Assessment | $0 CAD |
| Land Assessment | $225,297 CAD | Total Assessment | $225,297 CAD |
Property Taxes
Parcel Number
9570-00-42000
Land Assessment
$225,297 CAD
Improvements Assessment
$0 CAD
Total Assessment
$225,297 CAD
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111 N Holland St - ABS. NET 20-YR CAR WASH | BONUS DEPRECIATION
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