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Triple-Net Car Wash Property
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103 N Gray St, Killeen, TX 76541

Triple-net lease with 1 year remaining, featuring 3% annual rental increases and recent roof replacement from 2018.

Property SizeContact for details
Days on Market144

Property Features for 103 N Gray St

General Information

Standard status Active
Property subtype Mixed Use, Retail

Site & Location

Traffic Count 22,242 vehicles/day
Highway Access Yes
Road Access Yes

Building Details

Year Renovated 2018
Tenancy Multi
Listing Agency: Pete & Larry LLC
Listed By: Rose Durham · License #TX 679442
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 10:05PM

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 Pete & Larry LLC

Investment Insights

Based on property information with market context.

This triple-net lease car wash property has 1 year remaining and includes 3% annual rental increases throughout the term. Recent renovations include a new roof installed in 2018. The seller notes owner financing with 15-year terms, no balloon payment, at an 8% interest rate and $350,000 down.

The property is located directly off Business 190 E Veterans Memorial, with reported traffic of 22,242 vehicles per day. The remarks also cite nearby population and employment figures, including 147,219 residents within five miles and 68,258 people working within three miles, as well as average household income exceeding $82,000 within one mile.

The tenant roster referenced in the remarks includes Budget Rental, AutoZone, JJ Auto Repair, The Key Konnect, Texas Auto Traders, Calibar Collision, Texaco, Zip Car Wash, Plantinum Auto Plex, Budget Moving, and U-Haul Moving and Storage.

Key Highlights

  • Triple‑net lease with 1 year remaining
  • 3% annual rental increases throughout the term
  • New roof installed in 2018

Property Analytics

Current Use

Yard Rooms Construction Company

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Electrical Service Tanning Salon Catering Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22,242 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,427
Businesses Nearby
Under-served
Demand for This Use

Demographics for 76541, TX

19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Similar Off Market Nearby

  • Midtown Mall 1001 E Veterans Memorial Blvd, Killeen, TX 76541
  • Rancier Minimax Shopping Center 1306 E Rancier Ave, Killeen, TX 76541

Frequently Asked Questions

What type of property is this?
Shopping center - Triple-net lease with 1 year remaining, featuring 3% annual rental increases and recent roof replacement from 2018.
Where is this shopping center located?
The property is located at 103 N Gray St Killeen, TX.
What are key features of this property?
This property features: Triple‑net lease with 1 year remaining; 3% annual rental increases throughout the term; New roof installed in 2018
(254) 718-8604 Call to check price and availability
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