9801 Jones RdHouston, TX 77065

For Sale
$6,164,151

High-return car wash, long-term lease.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple, single-tenant, net-leased car wash in Houston, TX. The 4,750 square foot property, built in 2007 and situated on a one-acre lot at 9801 Jones Rd, boasts a 25-year absolute NNN lease with 12.4 years remaining, plus six 5-year options. The lease includes 10% rent bumps every five years, offering inflation protection. The property has a 5.30% cap rate and a strong NOI of $326,700, with 100% occupancy since April 1, 2012. The tenant, a BlueWave Express Wash franchisee, operates a successful express car wash with 16 covered vacuum stations. The property benefits from bonus depreciation opportunities. Located in a high-traffic, affluent area of Houston, this investment provides a stable, predictable income stream with minimal landlord responsibilities. The tenant's commitment and the lease structure ensure long-term value and potential for significant returns. The property's eco-friendly design and operations align with current market trends. This is a rare opportunity to acquire a high-performing asset in a prime location within a thriving metropolitan area.

Highlights

  • 13+ years remaining on a 25-year NNN lease with six 5-year options, offering long-term stability.
  • 10% rental increases every 5 years throughout the lease term, providing inflation protection.
  • Established, operational site with a 10+ year history demonstrating profitability.
  • Absolute NNN lease structure eliminates landlord responsibilities and ensures passive income.
  • Lease guaranteed by a strong, multi-location franchisee (Blue Wave Car Wash, 41 locations).
  • Fee simple ownership allows for bonus depreciation benefits (consult your tax professional).

Property Details for 9801 Jones Rd

Property type
Other specialty properties, Automotive properties
Square Feet
4,750 SF
Year Built
2007
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.916008987385
Longitude
-95.584803634688
9801 Jones Rd, Houston, Texas

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9801 Jones Rd
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