8917 Lower Sonoma Ln - WhiteWater Express Car Wash | Fort Worth, TX
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8917 Lower Sonoma Ln - WhiteWater Express Car Wash | Fort Worth, TX
4,480 SF Speciality Building Offered at £4,636,740 at a 6.75% Net Initial Yield in Fort Worth, TX 76177
Investment Highlights
- New Construction WhiteWater Express Car Wash; Strong Performing Location: Corporate-guaranteed lease ($500 million net worth)
- Pad to Presidio Towne Crossing: Top 2% most visited power centers in US, anchored by Costco, Target, WinCo Foods, TJ Maxx, HomeGoods & many more
- Outstanding Demographics; Dense, Affluent, High-Growth Trade Area: 266,860 people within a 5-mile radius | $130,000 AHHI within a 3-mile radius
- Why Investors Choose WhiteWater Express Car Wash: WW Express leased properties have historically sold at a premium above most other car wash operators
- Surrounded by Several Major Mixed-Use Developments: Close proximity to Alliance Texas, a 27,000-acre master-planned community
- Dallas-Fort Worth MSA: The Dallas-Fort Worth region ranks among the top 3 US metro areas for business expansions, relocations, and employment growth
Executive Summary
17+ Year Absolute NNN Corporate Lease | 120+ Unit Multi-State Operator; Full Corporate Guaranty | Affluent, High-Growth Demographics; $130,000 AHHI | Outparcel to Costco and Taget Anchored Center
Property Facts
| Price | £4,636,740 | Building Class | B |
| Price Per SF | £1,035 | Lot Size | 1.10 AC |
| Sale Type | Investment | Building Size | 4,480 SF |
| Net Initial Yield | 6.75% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 2019 |
| Property Subtype | Car Wash | Parking Ratio | 6.76/1,000 SF |
| Price | £4,636,740 |
| Price Per SF | £1,035 |
| Sale Type | Investment |
| Net Initial Yield | 6.75% |
| Property Type | Speciality |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.10 AC |
| Building Size | 4,480 SF |
| Number of Floors | 1 |
| Year Built | 2019 |
| Parking Ratio | 6.76/1,000 SF |
PROPERTY TAXES
| Parcel Number | 42423064 | Improvements Assessment | £778,178 |
| Land Assessment | £747,600 | Total Assessment | £1,525,778 |
PROPERTY TAXES
Parcel Number
42423064
Land Assessment
£747,600
Improvements Assessment
£778,178
Total Assessment
£1,525,778
zoning
| Zoning Code | F1 |
| F1 |
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8917 Lower Sonoma Ln - WhiteWater Express Car Wash | Fort Worth, TX
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