12% Cap Rate w/ Car Wash & Washateria Business + Building

car wash.PNG

Description of Property:

Sale Price is including the Washateria and the Car Wash behind it. Washateria has an existing tenant for 2 years out of 20 years (Lease term is 20 years). *** Landlord is running the car wash business and wanting to sell it.  Does include real estate.

 

For Sale

Price $1,150,000
Price/SF $195.91
Cap Rate 12.00%
NOI $138,000
Sale Type Investment
Status Active
On Market 9 Days
Last Updated Jun 14, 2017
Address: Sign commission protection agreement and fax to 800-508-2939 or email to Allen@HoustonPremierAgents.com 

Building

Type 3 Star Retail Freestanding
Building Sqft: 5,870 SF
Stories 1
Typical Floor 5,870 SF
Building Ht16′
Docks None
Construction Masonry
Year Built 1983
Tenancy Single
Owner Occup No
Parking 25 free Surface Spaces are available; Ratio of 4.26/1,000 SF

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