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809 W Henderson St
Cleburne, TX 76033

$8,434,280 USD

Carwash For Sale  •  5,520 SF

Property Details

  • Property Type Carwash
  • Total Building Size 5,520 SF
  • Lot Size 0.72 AC
  • Building Class B
  • Year Built 2022
  • Cap Rate 6.65 %
0 Transit Score
71 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: 6.65 %

Major Tenants

Tenant SF Occupied Lease End Date
ClearWater Express Wash 4,807 SF

Public Transportation

Commuter RailDriveWalkDistance
Cleburne Amtrak Station (Texas Eagle - Amtrak) 3 min 20 min 1.1 mi
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap