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610 Texas 336 Loop - ABS. NET 20-YR CAR WASH | BONUS DEPRECIATION 6,124 SF Specialty Building Offered at $8,369,843 CAD at a 6.10% Cap Rate in Conroe, TX 77303
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 | $8,369,843 CAD | Building Class | A |
| Price Per SF | $1,537.44 CAD | Lot Size | 0.94 AC |
| Sale Type | Investment NNN | Building Size | 5,444 SF |
| Cap Rate | 6.10% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Property Subtype | Car Wash |
| Price | $8,369,843 CAD |
| Price Per SF | $1,537.44 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 6.10% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | A |
| Lot Size | 0.94 AC |
| Building Size | 5,444 SF |
| No. Stories | 1 |
| Year Built | 2023 |
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Property Taxes
| Parcel Number | 3630-00-00100 | Improvements Assessment | $4,444,486 CAD |
| Land Assessment | $280,870 CAD | Total Assessment | $4,725,356 CAD |
Property Taxes
Parcel Number
3630-00-00100
Land Assessment
$280,870 CAD
Improvements Assessment
$4,444,486 CAD
Total Assessment
$4,725,356 CAD
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610 Texas 336 Loop - ABS. NET 20-YR CAR WASH | BONUS DEPRECIATION
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