Recently Sold - Quick Quack Car Wash Ground Lease
This new construction 20-year, absolute NNN corporate ground lease has four 5-year options and boasts 10% increases every 5 years, through the primary term and options. Incomes within 1 mile exceed $168K, and the trade area is an ideal mix of new and existing corporate office buildings, multi-family developments, and single-family homes.
Price:
$3,127,000
Cap Rate:
5.50%
NOI:
$172,000
Category:
Single Tenant Retail
Location:
Houston, TX (Energy Corridor)
Building Size (SF):
33,018
Lot Size (Acres)
0.76
Built:
2024
Highlight
Quick Quack Car Wash is the 4th largest car wash chain in the US with 230 locations across 5 states.
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