Quick Quack Car Wash - Spring, TX

SHOP Companies is pleased to offer for sale to qualified investors the opportunity to purchase a brand-new, 20-year Absolute NNN Ground Leased Quick Quack Car Wash in Spring, Texas ("the property"). The lease includes 10% rental escalations every five years and in each of the four, 5-year option periods.

The property is in Houston's affluent submarket, Spring, which boasts an average household income of over $117k within a 1-mile radius. The Quick Quack Car Wash is strategically situated directly off Interstate 45, a major thoroughfare of Houston, with over 154,000 vehicles passing by daily. It is positioned directly across the street from Spring High School, which has over 2,800 students, ensuring significant traffic from students, parents, faculty, and staff commuting to and from school, sporting events, and other extracurricular activities. The property is also surrounded by numerous national retailers, including Starbucks, Target, Best Buy, Ulta, Burger King, Taco Bell, and many more, allowing the location to experience excellent visibility and foot traffic.

A short 5 miles north on I-45 from the Property is ExxonMobil's Headquarters, one of the world's largest publicly traded international oil and gas companies. The campus plays a pivotal role in the energy sector, which encompasses 385 acres an accommodates over 10,000 employees and visitors who commute to work directly past the subject location on a daily basis.