Express Self-Serve Car
516 Friendship Ln Fredericksburg, TX 78624
516 Friendship Ln, Fredericksburg, TX, 78624
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For Sale
Contact for pricing
Owner-user express car wash for sale in Fredericksburg, TX, near new Chick-fil-A and Discount Tire.
Property Size3,649 SF
Price / SF$548.10
Days on Market51
Property Features for 516 Friendship Ln
General Information
- Standard status
- Active
- Size
- 3,649 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2015
Listing agency
Matthews
Listed by
Landon Carter · License #TN 365272
Source
Crexi
Added: Jun 1 Updated: Jul 21 at 6:19AM Checked: Jul 21 at 6:19AM
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 Matthews
Investment Insights
Based on property information with market context.
Wet-N-Jet Car Wash presents an owner-user opportunity to acquire an express wash facility. The property is listed for sale at approximately 3,649 square feet and is positioned as a self-service, automotive-focused operation.
Public remarks note the site is in a growing area, with a brand new Chick-fil-A and Discount Tire across the street. The same remarks also describe a new bank planned for development next door, alongside additional commercial and residential development in the vicinity.
Public remarks note the site is in a growing area, with a brand new Chick-fil-A and Discount Tire across the street. The same remarks also describe a new bank planned for development next door, alongside additional commercial and residential development in the vicinity.
Key Highlights
- Wet‑N‑Jet express car wash (owner‑user opportunity) built in 2015
- Growing‑area setting with a brand new Chick‑fil‑A and Discount Tire across the street
- New bank planned next door, with multiple other commercial and residential developments in the area
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 | $91.2k | $25.00 |
| − Vacancy | −$3.2k | −$0.88 |
| EGI | $88.0k | $24.13 |
| − OpEx | −$22.0k | −$6.03 |
| NOI | $66.0k | $18.09 |
3,649 SF · lease $25.00/SF/yr · vacancy 3.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$943.2K
$825.3K – $1.10M
NOI $66,024 @ 7.0% cap · market cap 3.30%
Second Best
Retail
$773.8K
$677.1K – $902.8K
NOI $54,168 @ 7.0% cap · market cap 2.71%
Theoretical Best
Hotel Hospitality
$2.76M
$2.42M – $3.22M
NOI $193,433 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wet N Jet ...
Car Wash
Formal Restroom Rental
Building Supply
Similar For Sale Nearby
FAQs
What type of property is this?
Self service car wash - Owner-user express car wash for sale in Fredericksburg, TX, near new Chick-fil-A and Discount Tire.
Where is this self service car wash located?
The property is located at 516 Friendship Ln Fredericksburg, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Wet‑N‑Jet express car wash (owner‑user opportunity) built in 2015; Growing‑area setting with a brand new Chick‑fil‑A and Discount Tire across the street; New bank planned next door, with multiple other commercial and residential developments in the area
