8301 Bch St Fort Worth, TX 76244-4975
- Car washes
- 4,555 SF
- 1.60 lot acres
Dec 21, 2020
Current Use by Public Records
- WhiteWater Express Car Wash / Car Wash
Property Details for 8301 Bch St
- Year built
- 2007
- Lot size
- 1.60 lot acres
- Property size
- 4,555 SF
- Property type
- Car washes
- APN
- 28317-A-4
- APU
- 28317A4
Description
This exceptional investment opportunity presents a newly renovated, fee-simple WhiteWater Express Car Wash in Fort Worth, Texas. The property boasts a 4,722 square foot building situated on a 1.6-acre lot at 8301 N Beach St, 76244, within a high-growth area. The property features a 17-year remaining lease (through 12/31/2040) with a reputable, multi-state operator backed by a $500 million net worth corporate guarantor. The absolute NNN lease structure ensures minimal landlord responsibilities, with annual rent increases of 1.25%. Built in 2007 and renovated in 2020, this car wash generates a substantial NOI of $300,000, representing a 6.75% cap rate on the $4,445,000 asking price. The lease includes four 5-year renewal options at fair market value. This prime location benefits from strong demographics, including a high average household income within a one-mile radius and significant population growth. The property's strong cash flow and long-term lease make it an ideal investment for those seeking a low-maintenance, high-return asset in a thriving market. The property is ideally suited for bonus depreciation. This is a rare opportunity to acquire a well-established, high-performing car wash in a rapidly expanding Texas market.
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
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.2904
- Latitude
- 32.8921
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
