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484 9th St - ABS. NET 20-YR CAR WASH | BONUS DEPRECIATION 3,615 SF Specialty Building Offered at $12,089,304 CAD at a 5.75% Cap Rate in Gilroy, CA 95020
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
BlueWave Express Car Wash | 20-Year Absolute Net Lease | 100% Bonus Depreciation | 1.5% Annual Increases | Adjacent from a Brand New Constructed Chick-fil-A | Direct Access off US-101 - One of California’s most Heavily Traveled North-South Freeways | Situated within a Proven, Grocery and Big-Box- Anchored Retail Corridor | Affluent Area: $154k+ Avg. HHI | Proximate to Gilroy Automall | Internet Resistant & Recession- Proof Investment | Strong Daytime Population | High Traffic Location
Property Facts
| Price | $12,089,304 CAD | Building Class | B |
| Price Per SF | $3,344.21 CAD | Lot Size | 1.05 AC |
| Sale Type | Investment | Building Size | 3,615 SF |
| Cap Rate | 5.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2025 |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Price | $12,089,304 CAD |
| Price Per SF | $3,344.21 CAD |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.05 AC |
| Building Size | 3,615 SF |
| No. Stories | 1 |
| Year Built | 2025 |
| Opportunity Zone |
Yes |
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 841-66-038 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,648,281 CAD | Total Assessment | $2,648,281 CAD |
Property Taxes
Parcel Number
841-66-038
Land Assessment
$2,648,281 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,648,281 CAD
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484 9th St - ABS. NET 20-YR CAR WASH | BONUS DEPRECIATION
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