2126 Josey LnCarrollton, TX 75006

Property Details for 2126 Josey Ln

Year built

2005

Construction

FRAME

Lot size

0.96 AC

Property size (Sq ft)

4,042 SF

Zone code

Z140

Property type

Retail properties

Property subtype

Drive through restaurants

APN

14089660015R10000

APU

14089660015R10000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,506,974

  6.5%

  $1,391,053

  7%

  $1,291,692

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,759,492

  Geo Method

  $1,225,560

• Alternative Use

  Use

  Valuation

  Residential

  $1,173,405

  Hospitality

  $1,074,833

  Educational

  $894,248

  Medical

  $925,003

  Retail

  $1,391,053

Location Insight

City

Carrollton

County

Dallas

State

Texas

Latitude

32.9709

Longitude

-96.8894

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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