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10345 Highway 242
Conroe, TX 77385

$3,618,819 USD

Carwash For Sale  •  3,576 SF

Property Details

• Property Type Carwash
• Total Building Size 3,314 SF
• Lot Size 0.97 AC
• Building Class B
• Year Built 2019
• Cap Rate 6.10 %

0 Transit Score

49 Walk Score

Highlights

20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.

100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation.

Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation.

Strategic Alliance with ClearWater Express Wash Creates 95+ Locations Nationwide Reinforces Long-Term Stability, Scale, and Growth Potential.

Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System.

Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success: The Car Wash Business is a Highly Segmented Industry.

Cap Rate:

6.10 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Take 5 Oil Change

Public Transportation

Airport	Drive	Walk	Distance
George Bush Intcntl/Houston	32 min	-	25.8 mi