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3810 N Main St - Rapid Express Car Wash 3,500 SF Specialty Building Offered at $9,524,502 CAD at a 6% Cap Rate in Taylor, TX 76574
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 4 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 3810 N. Main St. in Taylor, TX. The site consists of 3,675 total square feet of building space and sits on 1.37 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 $409,388. 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). This property is extremely well located due to it’s location directly on U.S. Hwy 79, a high traffic corridor with excellent visibility and access, ensuring steady commuter and local traffic. Additionally, the city is experiencing rapid growth, fueled by major developments like Samsung’s $17B semiconductor plant, which is driving new housing, rising incomes, and increased vehicle ownership. Surrounding demographics include family-oriented households with multiple cars, making them ideal candidates for recurring wash memberships.
PROPERTY FACTS
| Price | $9,524,502 CAD | Property Subtype | Car Wash |
| Price Per SF | $2,591.70 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.37 AC |
| Cap Rate | 6% | Building Size | 3,675 SF |
| Sale Condition | Sale Leaseback | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2021 |
| Zoning | C | ||
| Price | $9,524,502 CAD |
| Price Per SF | $2,591.70 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Sale Condition | Sale Leaseback |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.37 AC |
| Building Size | 3,675 SF |
| No. Stories | 1 |
| Year Built | 2021 |
| Zoning | C |
PROPERTY TAXES
| Parcel Number | R320085 | Improvements Assessment | $2,691,208 CAD |
| Land Assessment | $814,102 CAD | Total Assessment | $3,505,310 CAD |
PROPERTY TAXES
Parcel Number
R320085
Land Assessment
$814,102 CAD
Improvements Assessment
$2,691,208 CAD
Total Assessment
$3,505,310 CAD
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3810 N Main St - Rapid Express Car Wash
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