Property Name

Genie Car Wash

GLA 4,500 SF

Percent Leased 100% Leased

Property Description

Genie Car Wash is a locally owned and operated 4,500 square foot full-service & self-service car wash located in the extremely desirable Austin, Texas. Fronting the well-travelled William Cannon Drive, the Property sits on 1.75 acres of land just 2 minutes from South Congress Avenue and less than 15 minutes from Downtown Austin. Genie Car Wash has a new, five-year NNN lease in place with 3%annual rent escalations and two, 5-year options. Priced at an attractive 9.00% cap rate, the Property also provides long term value as a covered land play at $56.41 per square foot to the dirt.