8301 Beach StFort Worth, TX 76244

For Sale
$4,445,000

High-ROI, NNN-leased car wash.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a newly renovated, fee-simple WhiteWater Express Car Wash in Fort Worth, Texas. The property boasts a 4,722 square foot building situated on a 1.6-acre lot at 8301 N Beach St, 76244, within a high-growth area. The property features a 17-year remaining lease (through 12/31/2040) with a reputable, multi-state operator backed by a $500 million net worth corporate guarantor. The absolute NNN lease structure ensures minimal landlord responsibilities, with annual rent increases of 1.25%. Built in 2007 and renovated in 2020, this car wash generates a substantial NOI of $300,000, representing a 6.75% cap rate on the $4,445,000 asking price. The lease includes four 5-year renewal options at fair market value. This prime location benefits from strong demographics, including a high average household income within a one-mile radius and significant population growth. The property's strong cash flow and long-term lease make it an ideal investment for those seeking a low-maintenance, high-return asset in a thriving market. The property is ideally suited for bonus depreciation. This is a rare opportunity to acquire a well-established, high-performing car wash in a rapidly expanding Texas market.

Highlights

  • Newly renovated WhiteWater Express car wash with a corporate-guaranteed lease from a $500 million net worth company.
  • Annual rent increases of 1.25% are built into the lease.
  • Absolute NNN lease; no landlord responsibilities.
  • 17 years remaining on the initial 20-year lease term; four 5-year renewal options at fair market value.
  • Strong EBITDAR to rent ratio (contact broker for details).
  • Fee simple ownership including land and building, ideal for bonus depreciation.

Property Details for 8301 Beach St

Property type
Other specialty properties, Automotive properties
Year Built/Renovated
2007/2020
Lot Size (sq. ft)
69,696 SF

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.892098759217
Longitude
-97.289738726991
8301 Beach St, Fort Worth, Texas

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8301 Beach St
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