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This exceptional investment opportunity presents a 20-year absolute NNN ground lease for a Tommy's Express Car Wash located at 14036 Culebra Road, San Antonio, TX 78253. The 4,533 square foot car wash, built in 2024, sits on a 1.2-acre lot and boasts a strong NOI of $120,000, representing a 6.00% cap rate on the $2,000,000 asking price. The lease commenced November 4, 2023, and expires November 30, 2043, with scheduled 10% rent bumps every five years throughout the initial term and four 5-year option periods. This provides a stable, long-term passive income stream. The property benefits from a prime location at the signalized intersection of Culebra Road and Talley Road, experiencing over 62,000 vehicles per day. Its visibility is further enhanced by its proximity to a new retail center, Kallison East, adjacent to the Kallison Ranch residential development (350 units), John M. Harlan High School (3,600 students), and is within walking distance of other schools. The surrounding area demonstrates high income levels, exceeding $136,200 average annual household income within a one-mile radius. The location's proximity to Lackland Air Force Base (46,577 personnel) and its position in a rapidly growing area of San Antonio, a major Texas city, further strengthens its investment potential. This property is ideal for 1031 exchange.
Highlights
20-year absolute NNN ground lease for a Tommy's Express Car Wash.
High-traffic location at the signalized intersection of Culebra and Talley Roads (62,000+ vehicles daily).
Strong demographics: Average household income exceeding $136,200 within a one-mile radius.
Proximity to Kallison East retail center, Kallison Ranch (350 units), and John M. Harlan High School (3,600 students).
Located near Lackland Air Force Base (46,577 personnel).
Situated in a rapidly growing area of San Antonio.
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