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3805 Stan Schlueter Loop - Mighty Wash Car Wash 4,432 SF Specialty Building Offered at $8,115,879 CAD at a 6.85% Cap Rate in Killeen, TX 76542
INVESTMENT HIGHLIGHTS
- 20-year absolute NNN Lease | Corporate Guaranteed | With 10% rent increases every 5 years | Mighty Wash (+32 locations)
- Located on a major east–west arterial frontage; E. Stan Schlueter Loop is FM 3470—a principal Killeen arterial connecting to SH-201/Clear Creek
- Grocery + Fuel Synergy; Outparcel to a Walmart Neighborhood Center with fuel component, pairing naturally with a car wash
- High growth trade area – Killeen continues to rank among the fastest-growing U.S. cities with local data showing ~5.5% population growth since 2020
- Large daytime population from Fort Cavazos, the nation’s largest active-duty armored base supporting over 41,000 soldiers (~57.9k direct employees)
- More than 178,000 residents and 40,000 employees support the trade area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, newly constructed, corporate guaranteed, Mighty Wash investment property located in Killeen, TX. The tenant recently signed a brand new 20-year lease with 3 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with no landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor in a state with no state income tax. Mighty Wash is a Texas-based car wash chain founded in Lubbock, Texas, in 2012. Today, Mighty Wash operates 28 locations and counting throughout southeastern New Mexico and west Texas, continuing its commitment to providing high-quality car wash and detailing services.
PROPERTY FACTS
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PROPERTY TAXES
| Parcel Number | 527325 | Improvements Assessment | $2,108,600 CAD |
| Land Assessment | $907,076 CAD | Total Assessment | $3,015,676 CAD |
PROPERTY TAXES
Parcel Number
527325
Land Assessment
$907,076 CAD
Improvements Assessment
$2,108,600 CAD
Total Assessment
$3,015,676 CAD
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3805 Stan Schlueter Loop - Mighty Wash Car Wash
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