9801 Jones Rd 1 Houston, TX 77065-4305
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.
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BlueWave Express Car Wash Car Wash
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.