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Views: 333 DOM: 124 Updated: 10.25.24 Posted: 08.20.24 Status: Active

Summary

Price $5,241,000
Built/Renov 2018
Tenant Tommy's Express Car Wash
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 4,160
Lease Start 11-01-2024
#Units 1
Price/SF $1,259.86
Expiration 10-31-2039
Tenant Type Automotive
NOI $380,000
R. Term 14.10
Ownership Fee Simple
Rent/SF $91.35
Increases 10.0%/5/yrs
Pop 5Mi 48,034
Lot/AC 1.33
Options 4/5yrs/10%
AHHI 5Mi $82,138

Lease Highlights

  • Brand-new 15-year lease with 4 (5-year) options to extend upon close of escrow
  • The lease features 10% rental increases every 5 years
  • Qualifies for Bonus Depreciation benefits
  • Absolute NNN lease | Zero landlord responsibilities
  • Franchisee guaranteed lease

Location Description

Tommy's Express Car Wash is strategically located on Ford Way, with access to 34,500 vehicles passing by daily. The property is surrounded by well-known national tenants, including Chick-fil-A, Regal Cinema, LongHorn Steakhouse, Wendy’s, Zaxby’s, McDonald’s, and more. The 5-mile trade area supports a population of 48,034 residents with an average household income of $82,138. Carrollton,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Tommy’s Express Car Wash is a chain of automated car wash facilities that prioritize speed, convenience, and quality. They offer quick and efficient car cleaning services, often with membership...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 2,489 22,953 48,499
2024 Total Population : 2,472 22,521 47,128
2024 Employed Civilian Pop : 1,003 9,441 20,559
2024 Total Businesses : 167 1,222 1,995
2024 Average Household Income : $ 69,393 $ 85,662 $ 86,464
2024 Total Consumer Spending : $ 65 M $ 649 M $ 1297 M
2024 Median Age : 38 36 34
2024 Total Households : 1,066 8,528 16,903
2024 Pop Age 25+: Bachelor's Degree : 217 2,060 4,740
2024 Average Home Value : $ 265,325 $ 328,936 $ 355,368
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Bankhead Hwy Sassafrass Way 2015 33,300 0.25 mi
Bankhead Highway Esco Way 2018 35,200 0.29 mi
Bankhead Highway Esco Way 2019 34,800 0.29 mi
Northside Drive Stoney Brook Dr 2019 15,600 0.54 mi
N Lakeshore Dr Holmes Dr 2011 3,323 0.61 mi
Bankhead Highway Burns Rd 2019 20,700 0.66 mi
Turtle Cove Terrapin Ct 2009 288 0.82 mi
Burns Road Shannon Dr 2019 2,500 0.83 mi
Old Airport Road Castlegate Cir 2019 5,120 1.01 mi
Almon Road Lake Carroll Blvd 2019 1,320 1.03 mi

Listing Broker

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