1322 Stan Schlueter LoopKilleen, TX 76549

For Sale
$4,217,508

High-Yield Car Wash Investment

Overview

Added:
Dec 11, 2024
Days on market:
92
Exceptional investment opportunity: a 5,216 square foot car wash in Killeen, Texas, boasting a 20-year triple-net (NNN) lease with a corporate guarantee from Mammoth Holdings, LLC, a 130+ unit operator. This single-tenant property, built in 2018 and situated on a 1.4-acre lot at 1322 W Stan Schlueter Loop, offers a compelling 6.50% cap rate and a substantial net operating income (NOI) of $274,138. The lease includes 1.50% annual rental escalations throughout the initial 20-year term and four, five-year renewal option periods. The property's strong performance is reflected in its 100% occupancy rate and a price per square foot of $808.57. This sale-leaseback transaction provides significant tax advantages, qualifying for 15-year accelerated depreciation and bonus depreciation. The NNN lease structure ensures minimal landlord responsibilities, making this a low-maintenance, high-return investment. The asking price is $4,217,508. This is a rare opportunity to acquire a stable, high-performing asset with long-term growth potential in a thriving market. The property is located in Bell County, Texas, zip code 76549.

Property Details for 1322 Stan Schlueter Loop

Property type
Other specialty properties, Automotive properties
Square Feet
5,216 SF
Year Built
2018
Lot Size (sq. ft)
60,984 SF

Location Insight

City
Killeen
County
Bell
State
Texas
Latitude
31.0789593
Longitude
-97.7639537
1322 Stan Schlueter Loop, Killeen, Texas
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1322 Stan Schlueter Loop
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