602 End BlvdMarshall, TX 75670

Property Details for 602 End Blvd

Year built

2022

Lot size

4.30 AC

Property size (Sq ft)

2,800 SF

Property type

Car washes

APN

03030.01970.00000.000000

APU

9223372036854775807

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $906,453

  6.5%

  $836,726

  7%

  $776,959

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,032,021

  Geo Method

  $1,150,962

• Alternative Use

  Use

  Valuation

  Residential

  $705,809

  Hospitality

  $646,518

  Educational

  $537,895

  Medical

  $556,394

  Retail

  $836,726

Location Insight

City

Marshall

County

Harrison

State

Texas

Latitude

32.5505

Longitude

-94.3496

CBSA code

30980

CBSA name

LONGVIEW, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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