Club Car Wash NNN Property For Sale — Edinburg, TX
Edinburg, TX
Club Car Wash express car wash in Edinburg, TX. Sale-Leaseback offering with 20 years of lease term remaining. Tenant operates about 275 Locations. Rent increases 1.5% annually; renewal options: (3) 5-Year. Reported EBITDAR/rent coverage: 3.35x. Year-end depreciation: some buyers consider car-wash properties when planning year-end depreciation. Eligibility, timing and any tax benefit depend on your own circumstances and current tax law, and are not guaranteed. Please consult a qualified tax professional before relying on any depreciation strategy.
- Address: Edinburg, TX
- Asking price $6.05M
- 5.65% cap rate
- NOI $342,000
- 20 years remaining
- NNN lease
- Year built: 2023
- Building size: 4,576 SF
- Lot size: 1.21 acres
- Guarantor: Corporate
- Renewal options: (3) 5-Year
Location
This Club Car Wash property is in Edinburg, Texas.
Asset type: Car Wash