- For Sale $7,077,358
- Property Type Retail - Freestanding
- Property Size 5,187 SF
- Lot Size 0.95 Acre
- Property Tenancy Single Tenant
- Year Built 2007
- Date Updated Apr 24, 2024
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Attachments
Highlights
- • LONG TERM LEASE - Over 13 years remaining on an original 25 year lease, providing an investor long term and stable investment. In addition, there are Six, 5-year lease extensions, potentially keeping the tenant at this site for the next 45 years.
- • RENTAL INCREASES - There are 10% rental increases every 5 years in the base term and all extensions providing an investor hedge against inflation.
- • PROVEN LOCATION - The site has been operational for over 10 years providing insight on future operations and profitability.
- • ABSOLUTE NNN LEASE - With the current lease in place, there are no Landlord responsibilities, providing an investor a steady return free from management hassles.
- • STRONG FRANCHISEE/GUARANTOR - Blue Wave Operates 41 Express Car Wash locations in Texas and California and the lease is guaranteed by all 41 locations.
- • BONUS DEPRECIATION - Fee simple ownership of a Car Wash provides the landlord the opportunity to use accelerated Bonus depreciation model. Consulting your Accountant or Tax Attorney is advised.
- • HOUSTON MSA - The Greater Houston metropolitan area, is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after the Dallas–Fort Worth metroplex.
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Contacts
Location
Getting Around
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Walk Score ®
76/100 Very Walkable -
Transit Score ®
32/100 Some Transit -
Bike Score ®
54/100 Bikeable
- City Houston, TX
- Neighborhood Eldridge - West Oaks
- Zip Code 77077
- Market Houston
Points of Interest
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Chevron
0.14 miles
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Shell
0.48 miles
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Now & Forever
1.19 miles
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Citgo
1.25 miles
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Phillips 66
1.66 miles
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Exxon
1.97 miles
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Valero
2.21 miles
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Exxon
2.45 miles
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Shell
2.45 miles
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H-E-B Fuel
2.48 miles
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Addicks Park and Ride
2.52 miles
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Shell Woodcreek Garage 1
2.82 miles
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Mission Bend Transit Center
2.89 miles
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Barker-Cypress Road Park & Pool
4.44 miles
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Westchase Park and Ride
4.49 miles
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Schlumberger Parking Garage
4.83 miles
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Memorial City Plaza Parking Garage
5.20 miles
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Memorial City Mall Overflow Parking
5.36 miles
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Gessner Park and Ride
5.68 miles
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Fry Road Park & Pool
6.11 miles
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Smash Burger
0.10 miles
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Jack in the Box
0.12 miles
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Pho Basil Vietnamese Restaurant
0.24 miles
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Matsu Sushi Bar
0.24 miles
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Chick-fil-A
0.25 miles
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Teriyaki Madness
0.25 miles
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Tropical Smoothie Cafe
0.27 miles
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Iyara Thai Cuisine
0.28 miles
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Tubs Poutine
0.28 miles
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La Madeleine
0.30 miles
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Kroger
0.36 miles
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Vishala Grocery
1.00 miles
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Kroger
1.18 miles
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Target
1.38 miles
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Burlington
1.57 miles
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Randalls
1.70 miles
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West Oaks Mall
1.96 miles
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Kroger
2.01 miles
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Walmart Supercenter
2.44 miles
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Walmart Supercenter
2.56 miles
Frequently Asked Questions
What is the lease rate for BlueWave Express Wash?
Rental asking rate at BlueWave Express Wash is $3,538,679.00/YR.
What is the total square footage of BlueWave Express Wash?
BlueWave Express Wash totals 5,187 square feet.
When was this property built?
BlueWave Express Wash was built in 2007.
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