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18625 Monterey Rd
Morgan Hill, CA 95037

$8,346,116 USD

Carwash For Sale  •  7,430 SF

Property Details

• Property Type Carwash
• Total Building Size 3,615 SF
• Lot Size 1.26 AC
• Building Class B
• Year Built 2023
• Cap Rate 5.75 %

35 Transit Score

45 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:

5.75 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Bluewave Express Car Wash

Public Transportation

Commuter Rail	Drive	Walk	Distance
Morgan Hill Caltrain Station Southbound (South Santa Clara County Connector - Caltrain (Caltrain))	4 min	-	1.9 mi
Morgan Hill (Caltrain - Caltrain (Caltrain))	4 min	-	1.9 mi
Airport	Drive	Walk	Distance
Norman Y Mineta San Jose International	32 min	-	24.8 mi