List Search

1515 S Closner Blvd
Edinburg, TX 78539

$5,608,113 USD

Carwash For Sale  •  4,707 SF

Property Details

  • Property Type Carwash
  • Total Building Size 4,954 SF
  • Lot Size 1.1 AC
  • Building Class B
  • Year Built 2024
  • Cap Rate 6.75 %
0 Transit Score
68 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.
Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success.
The Car Wash Business is a Highly Segmented $15 Billion Industry that is growing at 3.2% Annually.
Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation. Strong Unit Economics and Consistent Membership Growth.
Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics.
Cap Rate: 6.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Bluewave Express Car Wash

Public Transportation

AirportDriveWalkDistance
McAllen International 17 min - 10.4 mi
Valley International 63 min - 43.4 mi
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap