For Sale
$5,435,000

2126 Josey LnCarrollton, TX 75006

20-Year NNN Lease, 6.9% CAP Rate

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple ownership of a thriving car wash in Carrollton, Texas. The property boasts a 20-year absolute NNN lease, ensuring minimal landlord responsibilities and a predictable income stream. The 3,942 square foot building sits on a 1.35-acre lot at a high-traffic intersection experiencing over 50,000 cars per day, guaranteeing excellent visibility and consistent customer flow. The property underwent renovations in 2024 and currently enjoys 100% occupancy with a strong national tenant. The lease includes annual rent bumps of 1.5%, providing built-in growth potential. The property's Net Operating Income (NOI) is $375,000, resulting in an attractive 6.9% capitalization rate. The asking price is $5,435,000. This is a rare opportunity to acquire a land and building asset with a long-term, secure lease in a prime retail location surrounded by complementary businesses and strong demographics. The tenant is responsible for all expenses, minimizing operational burdens for the owner. This depreciable asset offers significant tax advantages. Located at 2126 N Josey Ln, Carrollton, TX 75006, in Dallas County, this car wash represents a compelling investment with substantial long-term value.

Highlights

  • New 20-year absolute NNN lease.
  • Tenant responsible for all expenses.
  • High-traffic location (50,000+ cars daily).
  • 1.35-acre land parcel.
  • Strong national tenant in a desirable retail corridor.
  • Excellent retail synergy with surrounding businesses.

Property Details for 2126 Josey Ln

Property type
Specialty properties, Car washes
Square Feet
3,942 SF
Year Renovated
2024
Lot Size (sq. ft)
58,980 SF

Location Insight

City
Carrollton
County
Dallas
State
Texas
Latitude
32.970811514515
Longitude
-96.889916577637
2126 Josey Ln, Carrollton, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2126 Josey Ln
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message