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Views: 294 DOM: 27 Updated: 08.28.24 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 15.1
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
  • The lease features 10% rental escalations throughout the initial term and option periods
  • 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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Listing Broker

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