For Sale
$5,343,511

602 End Blvd Marshall, TX 75670

Exceptional NNN Lease, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
132
Exceptional investment opportunity: a 2,973-square-foot Tidal Wave Auto Spa in Marshall, Texas. This property boasts a 20-year triple-net (NNN) lease, commencing December 28, 2022, with a remaining term of approximately 18.1 years. The current annual rent is $350,000, generating a 6.55% cap rate. The lease includes a corporate guarantee from a company with over 275 units across 28 states, providing significant financial security. Built in 2022, the car wash sits on a 2.973-acre lot at 602 E End Blvd S, Marshall, TX 75670. The lease features attractive 2% annual rent increases beginning in year seven, and includes four, five-year renewal options, potentially extending the lease term to 40 years. This investment qualifies for accelerated and bonus depreciation, offering further tax advantages. The property is currently 100% occupied, providing immediate and substantial cash flow. This is a rare opportunity to acquire a high-performing, long-term NNN leased asset with a strong tenant and significant growth potential.

Highlights

  • 2,973 SF Tidal Wave Auto Spa with 18.1 years remaining on a 20-year NNN lease.
  • Lease features 2% annual rent increases starting year seven and four 5-year renewal options.
  • Corporate guarantee from a company with over 275 units in 28 states.
  • Qualifies for accelerated and bonus depreciation.

Property Details for 602 End Blvd

Property type
Specialty properties, Car washes
Square Feet
2,973 SF
Year Built
2022
Lot Size (sq. ft)
129,503,880 SF

Location Insight

City
Marshall
County
Harrison
State
Texas
Latitude
32.5403799
Longitude
-94.348814

FAQs

What type of property is this?
Specialty property - Exceptional NNN Lease, Strong Tenant
Where is the specialty property located?
The property is located at 602 End Blvd Marshall, TX.
What is the asking price?
The asking price for this property is $5,343,511.
What are key features of this property?
This property features: 2,973 SF Tidal Wave Auto Spa with 18.1 years remaining on a 20-year NNN lease.; Lease features 2% annual rent increases starting year seven and four 5-year renewal options.; Corporate guarantee from a company with over 275 units in 28 states.
How can I contact the broker?
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602 End Blvd
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