9801 Jones Rd Houston, TX 77065
- Car washes
- 4,750 SF
- 1.00 lot acres
Current Use by Public Records
- BlueWave Express Car Wash / Car Wash
Property Details for 9801 Jones Rd
- Year built
- 2007
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.00 lot acres
- Property size
- 4,750 SF
- Property type
- Car washes
- APN
- 1147760010171
- APU
- 1147760010171
Description
This exceptional investment opportunity presents a fee-simple, single-tenant, net-leased car wash in Houston, TX. The 4,750 square foot property, built in 2007 and situated on a one-acre lot at 9801 Jones Rd, boasts a 25-year absolute NNN lease with 12.4 years remaining, plus six 5-year options. The lease includes 10% rent bumps every five years, offering inflation protection. The property has a 5.30% cap rate and a strong NOI of $326,700, with 100% occupancy since April 1, 2012. The tenant, a BlueWave Express Wash franchisee, operates a successful express car wash with 16 covered vacuum stations. The property benefits from bonus depreciation opportunities. Located in a high-traffic, affluent area of Houston, this investment provides a stable, predictable income stream with minimal landlord responsibilities. The tenant's commitment and the lease structure ensure long-term value and potential for significant returns. The property's eco-friendly design and operations align with current market trends. This is a rare opportunity to acquire a high-performing asset in a prime location within a thriving metropolitan area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.5852
- Latitude
- 29.9159
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
