Amazon/Ecommerce-Proof Industry: The landscape of retail tenants offering goods and services is changing on a daily basis. The car wash industry is well positioned to avoid pressure from ecommerce gaining traction on market share. As the number of cars on the road continues to increase, we can expect even more demand for car washes.
Industry Wide Growth – Primarily Small Business Owners: There has been notable growth over the last 5 years in the car wash industry averaging yearly growth of over 3% with total revenues expected to exceed $12B in 2019. This is an industry that isn’t dominated by a few big chains, in fact, 90% of car washes are owned by small business owners leaving plenty of room in a growing industry.
Corporate Signature/Guaranty: All leases are backed by the parent company, providing the utmost security to any investor.
Newly Constructed: The properties have all been built within the last two years with the Fredericksburg location opening by May of 2019. No deferred maintenance to any of the locations.
Long Term, Absolute NNN Leases: Brand new 15-year absolute NNN leases to commence upon the close of escrow. Zero Landlord responsibilities, including roof and structure. Completely passive investments for ownership.
Well Located In Their Respective Trade Areas: Strong location on Bandera Road, one of the most heavily trafficked thoroughfares in San Antonio, with over 57,000 cars per day passing the subject property.
Excellent Demographics and Growth: This location benefits from its densely populated trade area with 363,000 people within the 5-mile radius. Avg. Household Incomes are solid at $86,000.