- For Sale $6,164,151
- Property Type Retail - Freestanding
- Property Size 4,750 SF
- Lot Size 1 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 ®
72/100 Very Walkable -
Bike Score ®
50/100 Bikeable
- City Houston, TX
- Neighborhood Windermere Lakes
- Zip Code 77065
- Market Houston
Points of Interest
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Shell
0.06 miles
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H-E-B Fuel
0.38 miles
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Mobil
0.76 miles
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Sam's Club
1.13 miles
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Sunoco
1.59 miles
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RaceWay
1.69 miles
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Mobil
1.78 miles
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RaceWay
1.80 miles
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Exxon
1.81 miles
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Shell
2.14 miles
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Northwest Station Park & Ride
1.13 miles
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WFT parking
2.58 miles
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West Little York Park & Ride
3.79 miles
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Cy-Fair ISD bus barn
4.05 miles
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PG6
5.03 miles
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PG7
5.07 miles
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PG5
5.11 miles
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Seton Lake Park & Ride
5.18 miles
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PG8
5.19 miles
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Champions North HOA Car Park
5.23 miles
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Sonic
0.13 miles
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Little Caesars
0.26 miles
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Grand Hunan Chinese
0.27 miles
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Esam Thai
0.31 miles
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Backyard Grill
0.49 miles
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Phở Bon
0.66 miles
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Tony's New York Pizza
0.68 miles
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Café Latino Bakery & Pupusería
0.69 miles
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Triple Crown Bingo
0.72 miles
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Taco Bell
1.08 miles
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Jones and West H-E-B
0.35 miles
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Aldi
0.56 miles
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Kroger
0.56 miles
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Walmart Supercenter
1.09 miles
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Target
1.22 miles
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Kroger
1.29 miles
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Kroger
1.95 miles
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Kroger
2.95 miles
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Kroger
3.73 miles
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Macy's Men
4.01 miles
Frequently Asked Questions
What is the lease rate for BlueWave Express Wash?
Rental asking rate at BlueWave Express Wash is $3,082,075.50/YR.
What is the total square footage of BlueWave Express Wash?
BlueWave Express Wash totals 4,750 square feet.
When was this property built?
BlueWave Express Wash was built in 2007.
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