Quick Quack Car Wash Ground Lease (Houston MSA)
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. The population within a 5-mile radius of the subject property exceeds 278K, with an additional daytime population of 96K employees.
Price:
$3,000,000
Cap Rate:
5.75%
NOI:
$172,500
Category:
Single Tenant Retail
Location:
Pasadena, TX
Building Size (SF):
33,018
Lot Size (Acres)
0.87
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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