19764 Interstate 45, Spring, TX 77373-2941

Property Details for 19764 Interstate 45

Year built

2000

Construction

BRICK

Lot size

1.31 lot acres

Property type

Drive through restaurants

APN

1187280010006

APU

1187280010006

Description

This exceptional investment opportunity presents a brand-new, 3,596 square-foot Quick Quack Car Wash situated on a 1.31-acre lot in Spring, Texas. The property boasts a 20-year absolute NNN ground lease with a corporate guarantee from Quick Quack, a rapidly expanding national car wash chain. The lease includes four 5-year options, each with a 10% rent increase. The current annual net operating income (NOI) is $132,500, representing a 5.30% cap rate on the $2,500,000 asking price. This prime location directly off Interstate 45, a major thoroughfare with over 154,000 vehicles per day, benefits from high visibility and significant traffic. The property is ideally positioned across from Spring High School (2,800 students) and is surrounded by numerous national retailers, including Starbucks, Target, Best Buy, and more. The affluent Spring submarket boasts average household incomes exceeding $117,000 within a one-mile radius. Furthermore, ExxonMobil's headquarters is conveniently located just five miles away. Built in 2024, this property offers a secure, long-term investment with built-in rent escalations and a strong tenant in a high-growth area. The recent significant minority investment in Quick Quack by KKR further solidifies the company's financial strength and future growth potential. This is a rare opportunity to acquire a high-performing, passively managed asset with significant upside.

Location Insight

City

Spring

County

Harris

State

Texas

Longitude

-95.4299

Latitude

30.0515

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments