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2259 NW Military Hwy - Rapid Express Car Wash 2,749 SF Specialty Building Offered at $6,856,440 CAD at a 6% Cap Rate in San Antonio, TX 78213
INVESTMENT HIGHLIGHTS
- 20-Year Sale-Leaseback
- Fixed rental increases throughout the entire lease including options
- Very experience operator with 46 locations and expanding aggressively
- Absolute NNN – No landlord management obligations
- This location has been in operation for over 6 years
- Texas has NO STATE INCOME TAX
EXECUTIVE SUMMARY
CBRE is pleased to present the exclusive listing for the Rapid Express Car Wash located at 2259 NW Military Hwy, in San Antonio, TX. The site consists of 4,920 total square feet of building space and sits on 0.75 acres of land. The site will be subject to a 20 year sale-leaseback with Rapid Express Car Wash. Starting in year one, the base rent shall be $297,567. The lease will call for 1.50% annual rental escalations during the base term and throughout the (4) five year renewal option periods (40 year total term). The subject property is extremely well located due to its combined high traffic, strong demographics, and retail synergy in one of the city’s most established corridors. Located in Castle Hills, the site sits directly on NW Military Hwy, a heavily traveled arterial that connects dense residential neighborhoods with commercial hubs, ensuring a steady stream of daily commuters. The area’s demographics—solid middle-to-upper income households with high vehicle ownership—support recurring demand for car care and membership-based wash models. The property also benefits from excellent visibility, easy ingress/egress, and proximity to complementary retail and service businesses, which drive additional customer flow.
PROPERTY FACTS
| Price | $6,856,440 CAD | Building Class | B |
| Price Per SF | $1,393.59 CAD | Lot Size | 0.75 AC |
| Sale Type | Investment | Building Size | 4,920 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Sale Condition | Sale Leaseback | Year Built | 2019 |
| Property Type | Specialty | Tenancy | Single |
| Property Subtype | Car Wash |
| Price | $6,856,440 CAD |
| Price Per SF | $1,393.59 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Sale Condition | Sale Leaseback |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.75 AC |
| Building Size | 4,920 SF |
| No. Stories | 1 |
| Year Built | 2019 |
| Tenancy | Single |
PROPERTY TAXES
| Parcel Number | 11696-001-0110 | Improvements Assessment | $641,985 CAD |
| Land Assessment | $660,898 CAD | Total Assessment | $1,302,883 CAD |
PROPERTY TAXES
Parcel Number
11696-001-0110
Land Assessment
$660,898 CAD
Improvements Assessment
$641,985 CAD
Total Assessment
$1,302,883 CAD
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2259 NW Military Hwy - Rapid Express Car Wash
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