The seller/tenant has remained open for business and this location continues to perform well through the COVID-19 pandemic.
To ease any potential buyer concerns, they are willing to prepay up to 6 months of rent at the close of escrow.
Long Term, Corporate NNN Lease:
Swiftwater Holdings, Inc. will sign a brand new 15-year absolute NNN lease at the close of escrow.
Zero landlord obligations creating a passive, management-free investment.
Internet Resistant 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.
High Traffic Within 1-Mile of Subject Property:
West Avenue: 20,925 CPD
Blanco Road: 33,154 CPD
NW Military Road: 20,723 CPD
Highway US-281: 153,566 CPD
NW Interstate 410 Loop: 299,814 CPD
Solid Infill Real Estate – Numerous Trade Area Generator
Just 3.8 miles to San Antonio International Airport (SAT)
2 blocks from the HEB Anchored grocery center, the major grocer for the area
Winston Churchill High School, with enrollment of over 2,800 students, is nearby. Swiftwater Car Wash provides them a low-cost solution to a clean car.
Excellent Demographics: Densely populated trade area with 357,000 people and $93,088 average HH incomes in a 5-mile radius.
Brand New Construction:
The subject property was built in 2020 from the ground up providing an investor a brand-new building and improvements.
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 EversRoad just off Interstate 410 Loop which has over 197,000 cars per day.
Excellent Demographics: This location benefits from its densely populated trade area with 391,000 people within the 5-mile radius and over 147,000 households.
