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

Contact Agent:

Dave Lucas

(925) 744-5217

dave@monarchcommercial.com

CA DRE# 01389761

NV RED# 10011411

Contact Agent:

Scott Reid

(949) 942-6585

scott@parasellinc.com

TX LIC #9009637

Contact Agent:

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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