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835 W Princeton Dr - Whitewater Express Car Wash | Fee Simple 5,123 SF Specialty Building Offered at $7,313,314 CAD at a 5.75% Cap Rate in Princeton, TX 75407
Investment Highlights
- Corporate Guaranteed Lease | Options To Extend | Annual Rental Increases | Bonus Depreciation
- Across From Major Retail Developments | Explosive Housing Development | Primary Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | High Growth Area
Executive Summary
• WhiteWater Express Car Wash Corporate guaranteed lease
• Over 14 years remaining with 3 (5-year) option periods to extend
• The lease features 1.25% annual rental increases throughout the initial term and each option period
• The property may be eligible for bonus depreciation | Consult a tax advisor
• Over 14 years remaining with 3 (5-year) option periods to extend
• The lease features 1.25% annual rental increases throughout the initial term and each option period
• The property may be eligible for bonus depreciation | Consult a tax advisor
Property Facts
| Price | $7,313,314 CAD | Building Class | C |
| Price Per SF | $1,421.72 CAD | Lot Size | 1.13 AC |
| Sale Type | Investment | Building Size | 5,144 SF |
| Cap Rate | 5.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2019 |
| Property Subtype | Car Wash | Parking Ratio | 5.25/1,000 SF |
| Zoning | C-2 | ||
| Price | $7,313,314 CAD |
| Price Per SF | $1,421.72 CAD |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.13 AC |
| Building Size | 5,144 SF |
| No. Stories | 1 |
| Year Built | 2019 |
| Parking Ratio | 5.25/1,000 SF |
| Zoning | C-2 |
Amenities
- Signage
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Property Taxes
| Parcel Number | R-12188-00A-0010-1 | Improvements Assessment | $4,355,380 CAD |
| Land Assessment | $1,350,147 CAD | Total Assessment | $5,705,526 CAD |
Property Taxes
Parcel Number
R-12188-00A-0010-1
Land Assessment
$1,350,147 CAD
Improvements Assessment
$4,355,380 CAD
Total Assessment
$5,705,526 CAD
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835 W Princeton Dr - Whitewater Express Car Wash | Fee Simple
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