New Construction Car Wash with Ground
111 Sparta Rd Belton, TX 76513
111 Sparta Rd, Belton, TX, 76513
$1,910,000
For Sale
$1,910,000
WhiteWater Express car wash offered for sale with a 20-year corporate ground lease and annual rent escalations.
Property Size4,000 SF
Lot Size1.59 Acres
Price / SF$477.50
Days on Market26
Property Features for 111 Sparta Rd
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 1.59 Acres
- Property subtype
- Car Wash
Listing agency
Marcus & Millichap - Dallas
(972) 755-5209
Listed by
Jake Stammen · License #License(s): TX: 767420
(972) 755-5209
Source
Marcusmillichap
Added: Jun 28 Updated: Jul 10 at 2:09PM Checked: Jul 22 at 2:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
Offered for sale is a new construction WhiteWater Express car wash operated under a 20-year corporate ground lease. The property is presented as a stabilized, income-producing automotive asset with 2% annual rent escalations across the base term. The offering includes an initial NOI of $105,000 and is described as providing approximately 49% cumulative rent growth over the base term.
The site is positioned along a dominant retail corridor anchored by Walmart Supercenter and H-E-B Plus. The property benefits from strong traffic counts and consumer draw, supported in the remarks as part of the area’s retail traffic pattern.
For buyers seeking a leased automotive cash-flow property, this car wash structure is geared toward passive investment goals, with lease terms spanning two decades. The ground lease is described as corporate, and the operator is characterized as a rapidly expanding business with a significant presence across Texas and the Sun Belt. This package is therefore best suited for investors evaluating a long-duration, leased car wash with scheduled rent increases within the stated lease framework.
The site is positioned along a dominant retail corridor anchored by Walmart Supercenter and H-E-B Plus. The property benefits from strong traffic counts and consumer draw, supported in the remarks as part of the area’s retail traffic pattern.
For buyers seeking a leased automotive cash-flow property, this car wash structure is geared toward passive investment goals, with lease terms spanning two decades. The ground lease is described as corporate, and the operator is characterized as a rapidly expanding business with a significant presence across Texas and the Sun Belt. This package is therefore best suited for investors evaluating a long-duration, leased car wash with scheduled rent increases within the stated lease framework.
Key Highlights
- New construction WhiteWater Express car wash in Belton, Texas
- 20‑year corporate ground lease with passive income from a single‑operator tenant
- Initial NOI of $105,000 with 2% annual rent escalations
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.8k | $24.96 |
| − Vacancy | −$5.5k | −$1.37 |
| EGI | $94.3k | $23.59 |
| − OpEx | −$23.6k | −$5.90 |
| NOI | $70.8k | $17.69 |
4,000 SF · lease $24.96/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.01M
$884.5K – $1.18M
NOI $70,762 @ 7.0% cap · market cap 3.70%
Second Best
Retail
$774.0K
$677.3K – $903.0K
NOI $54,181 @ 7.0% cap · market cap 2.84%
Theoretical Best
Multifamily LT 5
$44.65M
$39.07M – $52.10M
NOI $3,125,808 @ 7.0% cap · market cap 163.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Car washes
Similar For Sale Nearby
FAQs
What type of property is this?
Car wash - WhiteWater Express car wash offered for sale with a 20-year corporate ground lease and annual rent escalations.
Where is this car wash located?
The property is located at 111 Sparta Rd Belton, TX.
What is the asking price?
The asking price for this property is $1,910,000.
What are key features of this property?
This property features: New construction WhiteWater Express car wash in Belton, Texas; 20‑year corporate ground lease with passive income from a single‑operator tenant; Initial NOI of $105,000 with 2% annual rent escalations
