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1618 S 77 Sunshine Strip - ABS. NET 20-YR CAR WASH | BONUS DEPRECIATION 3,724 SF Specialty Building Offered at $9,257,658 CAD at a 6.75% Cap Rate in Harlingen, TX 78550
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 | $9,257,658 CAD | Building Class | B |
| Price Per SF | $2,560.90 CAD | Lot Size | 0.98 AC |
| Sale Type | Investment | Building Size | 3,615 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2025 |
| Property Subtype | Car Wash |
| Price | $9,257,658 CAD |
| Price Per SF | $2,560.90 CAD |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.98 AC |
| Building Size | 3,615 SF |
| No. Stories | 1 |
| Year Built | 2025 |
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Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 152520-2000-003100 | Improvements Assessment | $758,499 CAD |
| Land Assessment | $289,409 CAD | Total Assessment | $1,047,908 CAD |
PROPERTY TAXES
Parcel Number
152520-2000-003100
Land Assessment
$289,409 CAD
Improvements Assessment
$758,499 CAD
Total Assessment
$1,047,908 CAD
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1618 S 77 Sunshine Strip - ABS. NET 20-YR CAR WASH | BONUS DEPRECIATION
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