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

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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