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1665 Eldridge Pky
Houston, TX 77077 Briar Village

$7,077,358 USD

Carwash For Sale  •  5,187 SF

Property Details

• Property Type Carwash
• Total Building Size 5,187 SF
• Lot Size 0.95 AC
• Building Class B
• Year Built 2007
• Cap Rate 5.30 %
• Zoning Article III. - Planning

30 Transit Score

70 Walk Score

Highlights

LONG TERM LEASE - Over 13 years remaining on an original 25 year lease, providing an investor long term and stable investment.

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.

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.

Property Flyers

OM - BlueWave - Houston, TX (Eldridge)-min

Cap Rate:

5.30 %

Public Transportation

Airport	Drive	Walk	Distance
William P Hobby	47 min	-	30.1 mi
George Bush Intcntl/Houston	42 min	-	32.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes