Express Car Wash with NNN
For Sale
Contact for pricing
300 W Parkwood Ave, Friendswood, TX 77546
Fee simple property leased to WhiteWater Express Car Wash under an absolute NNN structure with annual rent escalations.
Property Size4,885 SF
Price / SF$860.60
Days on Market47
Property Features for 300 W Parkwood Ave
General Information
Standard status
Active
Size
4,885 SF
Class
A
Property subtype
Retail, Special Purpose
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$262,752
Building Details
Year Built
1996
Year Renovated
2021
Buildings
1
Tenancy
Single
Listing Agency:
Northmarq
Listed By:
Jim Ceresnak · License #NC 325565
Source:
Crexi
Added: Jul 15
Changed: Aug 29
Last Checked: Aug 29 at 3:36PM
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 Northmarq
Investment Insights
Based on property information with market context.
Located at 300 W Parkwood Ave in Friendswood, Texas, this express car wash was built in 1996 and is offered as a fee simple property. WhiteWater Express Car Wash occupies the asset under an original 20-year Absolute NNN lease.
Lease economics include 1% annual rent escalations throughout the base term, along with four 5-year extension options featuring FMV resets. The property information also identifies eligibility for 100% Bonus Depreciation in 2026; investors should consult a tax professional regarding their circumstances.
Lease economics include 1% annual rent escalations throughout the base term, along with four 5-year extension options featuring FMV resets. The property information also identifies eligibility for 100% Bonus Depreciation in 2026; investors should consult a tax professional regarding their circumstances.
Key Highlights
- Express car wash at 300 W Parkwood Ave, Friendswood, TX 77546
- Leased to WhiteWater Express Car Wash
- Original 20‑year Absolute NNN lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
Explore this area
Business Placement
Demographics for 77546, TX
54,670
Population
19,600
Households
2.8
Avg Household Size
40
Median Age
47%
College-Educated
94%
High-School Grad
27.2 sq mi
ZIP Area
2,010
Density / Sq Mi
$121,914
Median Household Income
$67,580
Median Earnings
$1,689
Median Rent
$354,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Fee simple property leased to WhiteWater Express Car Wash under an absolute NNN structure with annual rent escalations.
Where is this car wash located?
The property is located at 300 W Parkwood Ave Friendswood, TX.
What is the asking price?
The asking price for this property is $4,204,040.
What are key features of this property?
This property features: Express car wash at 300 W Parkwood Ave, Friendswood, TX 77546; Leased to WhiteWater Express Car Wash; Original 20‑year Absolute NNN lease
