23719 Katy Fwy Katy, TX 77494-7093

This exceptional investment opportunity presents a 4,078 square foot, single-tenant, absolute NNN leased car wash in Katy, Texas. Located on a 1.02-acre lot at 23719 Katy Fwy, 77494, this property boasts a prime location on a Costco outparcel at the I-10/US 99 interchange, surrounded by major national retailers. The 2021-built facility is leased to WhiteWater Express Car Wash, a national company with over 125 locations, under a 20-year lease (commencing October 1, 2021, and expiring September 30, 2041) with 16.9 years remaining. The lease includes a corporate guarantee and features 1.25% annual rent bumps and four five-year renewal options. The property offers a strong 6.00% cap rate with a current NOI of $310,622 and an asking price of $5,177,000 ($1,269.49/sq ft). The property is zoned C2 and benefits from fee simple ownership, providing tax advantages through accelerated depreciation. Situated in a high-growth Houston suburb with established residential neighborhoods, this investment offers exceptional stability and potential for long-term appreciation. The tenant's commitment, prime location, and favorable lease terms make this a compelling opportunity for discerning investors.