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330 N Spur 63
Longview, TX 75601

$3,647,200 USD

Carwash For Sale  •  2,125 SF

Property Details

  • Property Type Carwash
  • Total Building Size 2,125 SF
  • Lot Size 0.89 AC
  • Year Built 2020
  • Cap Rate 6.00 %
  • Zoning C2
0 Transit Score
51 Walk Score

Highlights

ABSOLUTE-NET LEASE | ZERO LANDLORD RESPONSIBILITIES: Corporate 20-Year Lease Requires Tenant To Cover All Operating, Capital, Roof & Structure Costs.
2% ANNUAL RENT BUMPS BEGINNING 2029: Contractual Increases Every January Drive A 32% NOI Rise Over The Primary Term.
2020 CONSTRUCTION | 6,139 SF EXPRESS TUNNEL + VACUUM CANOPY: Modern Conveyor-Belt Design On A 2.09-Acre Parcel Built For High Through-Put.
CORPORATE GUARANTY: Lease Backed By Express Car Wash Operations, LLC — The Largest Express Car Wash Operator in the U.S.
SPUR 63 MOBILITY CORRIDOR IMPROVEMENTS UNDERWAY: TXDOT Is Widening Spur 63/State Hwy 31, Adding Raised Medians $ Bike-Ped Upgrades To Ease Congestion.
HEALTHY TRADE-AREA DEMOGRAPHICS: ± 47.6K Residents Within 3 Miles And 84.6K Within 5 Miles, With ~$70-72K Average Household Incomes.

Property Flyers

Cap Rate: 6.00 %

Public Transportation

Commuter RailDriveWalkDistance
5 min - 2.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 46
Type: Surface
Included in Rent: Yes
Peter Deltondo 949-419-3267 Deltondo Advisory Group
Peter Deltondo 949-419-3267 Deltondo Advisory Group