Car
1641 Precinct Line Road, Hurst, TX 76054
For Sale
Contact for pricing
The property is occupied under a long-term NNN lease with scheduled annual rent increases.
Property Size7,115 SF
Lot Size1.05 Acres
Price / SF$497.10
Days on Market39
Property Features for 1641 Precinct Line Road
General Information
Standard status
Size
Lot size
Property subtype
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Additional Details
Automotive Uses
Building Details
Buildings
Tenancy
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 3:54PM
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 SURMOUNT
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The car wash occupies a 7,115-square-foot building on an approximately 1.05-acre parcel in Hurst, Texas. The property is leased on a triple-net basis under a 27-year agreement that began January 9, 2018. Rent increases are scheduled annually at 1.75%.
Key Highlights
- 7,115‑square‑foot car wash building
- Approximately 1.05‑acre parcel
- 27‑year NNN lease beginning 1/9/2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,098
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,361,960
$2.4M
Cap Rate 7%
$1,687,114
$1.7M
Cap Rate 9%
$1,312,200
$1.3M
Market Conditions
NOI Build-Up for 7,115 SF
Gross rent
$177.6K $24.96/SF
− Vacancy
−$8.9K −$1.25/SF
EGI
$168.7K $23.71/SF
− OpEx
−$50.6K −$7.11/SF
NOI
$118.1K $16.60/SF
Area
Tarrant County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,361,960
Cap Rate 7%
$1,687,114
Cap Rate 9%
$1,312,200
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.97M
NOI $118,098 @ 7.0% cap · market cap 3.34%
Second Best
Specialty Retail
$1.54M
$1.35M – $1.80M
NOI $107,771 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,200 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,117
Businesses Nearby
470k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Superstores 25%
Shops & Services 25%
Groceries 4%
Walmart
Superstores
118,169 visits/mo
0.4 miles
In-N-Out Burger
Dining
47,936 visits/mo
0.3 miles
QuikTrip
Shops & Services
42,780 visits/mo
0.3 miles
McDonald's
Dining
32,327 visits/mo
0.4 miles
Starbucks
Dining
25,313 visits/mo
0.4 miles
Demographics for 76054, TX
12,120
Population
4,702
Households
2.6
Avg Household Size
47
Median Age
48%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
3,189
Density / Sq Mi
$108,907
Median Household Income
$55,617
Median Earnings
$1,464
Median Rent
$356,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Car washes in Tarrant County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Car wash - The property is occupied under a long-term NNN lease with scheduled annual rent increases.
Where is this car wash located?
The property is located at 1641 Precinct Line Road Hurst, TX.
What is the asking price?
The asking price for this property is $3,536,844.
What are key features of this property?
This property features: 7,115‑square‑foot car wash building; Approximately 1.05‑acre parcel; 27‑year NNN lease beginning 1/9/2018
