BlueWave Express Wash

1665 Eldridge Pkwy, Houston, TX 77077

  • 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
Houston is the most populous city in Texas and in the Southern United States. It is the fourth-most populous city in the United States after New York City, Los Angeles, and Chicago, and the sixth-most populous city in North America. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat of Harris County and the principal city of the Greater Houston metropolitan area, which 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. Houston is recognized worldwide for its energy industry, particularly for oil and natural gas, as well as for biomedical research and aeronautics. Renewable energy sources, wind and solar, are also growing economic bases in the city. The city and area have also been growing centers for technology. Major technology and software companies within Greater Houston include Cybersoft, Houston Wire & Cable, and HostGator. In 2019, it was announced that HP Enterprises would relocate its global headquarters from California to the Greater Houston area. The Houston Ship Channel is also a large part of Houston's economic base. In 2013, Houston was identified as the number one U.S. city for job creation by the U.S. Bureau of Statistics after it was not only the first major city to regain all the jobs lost in the preceding economic downturn, but also after the crash, more than two jobs were added for each one lost. The city of Houston is also highly regarded for its diverse food and restaurant culture, with major publications consistently naming it one of "America's Best Food Cities". The Houston area is a leading center for building oilfield equipment. Much of its success as a petrochemical complex is due to its busy ship channel, the Port of Houston. In the United States, the port ranks first in international commerce and 16th among the largest ports in the world. Unlike most places, high oil and gasoline prices are beneficial for Houston's economy, as many of its residents are employed in the energy industry. Houston is the beginning or end point of numerous oil, gas, and products pipelines. The University of Houston System's annual impact on the Houston area's economy equates to that of a major corporation: $1.1 billion in new funds attracted annually to the Houston area, $3.13 billion in total economic benefit, and 24,000 local jobs generated. This is in addition to the 12,500 new graduates the U.H. System produces every year who enter the workforce in Houston and throughout Texas. These degree-holders tend to stay in Houston. After five years, 80.5% of graduates are still living and working in the region.

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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.

Contacts

broker

Paul Matusik

Prime Net Lease

(714) 875-2400

Location

Getting Around

  • Walk Score ®

    76/100 Very Walkable
  • Transit Score ®

    32/100 Some Transit
  • Bike Score ®

    54/100 Bikeable
Powered by Walk Score ®
  • City Houston, TX
  • Neighborhood Eldridge - West Oaks
  • Zip Code 77077
  • Market Houston

Points of Interest

  • Chevron

    0.14 miles

  • Shell

    0.48 miles

  • Now & Forever

    1.19 miles

  • Citgo

    1.25 miles

  • Phillips 66

    1.66 miles

  • Exxon

    1.97 miles

  • Valero

    2.21 miles

  • Exxon

    2.45 miles

  • Shell

    2.45 miles

  • H-E-B Fuel

    2.48 miles

  • Addicks Park and Ride

    2.52 miles

  • Shell Woodcreek Garage 1

    2.82 miles

  • Mission Bend Transit Center

    2.89 miles

  • Barker-Cypress Road Park & Pool

    4.44 miles

  • Westchase Park and Ride

    4.49 miles

  • Schlumberger Parking Garage

    4.83 miles

  • Memorial City Plaza Parking Garage

    5.20 miles

  • Memorial City Mall Overflow Parking

    5.36 miles

  • Gessner Park and Ride

    5.68 miles

  • Fry Road Park & Pool

    6.11 miles

  • Smash Burger

    0.10 miles

  • Jack in the Box

    0.12 miles

  • Pho Basil Vietnamese Restaurant

    0.24 miles

  • Matsu Sushi Bar

    0.24 miles

  • Chick-fil-A

    0.25 miles

  • Teriyaki Madness

    0.25 miles

  • Tropical Smoothie Cafe

    0.27 miles

  • Iyara Thai Cuisine

    0.28 miles

  • Tubs Poutine

    0.28 miles

  • La Madeleine

    0.30 miles

  • Kroger

    0.36 miles

  • Vishala Grocery

    1.00 miles

  • Kroger

    1.18 miles

  • Target

    1.38 miles

  • Burlington

    1.57 miles

  • Randalls

    1.70 miles

  • West Oaks Mall

    1.96 miles

  • Kroger

    2.01 miles

  • Walmart Supercenter

    2.44 miles

  • 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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Contact Listing Broker

broker

Paul Matusik

Prime Net Lease

(714) 875-2400