Harker Heights, TX - Mighty Wash

Description:

New 15-Year Lease | 10% Rental Increases | 2026 Construction | Corporate Signature SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Mighty Wash investment property located in Harker Heights, Texas. The tenant, Mighty Wash Operations, LLC, recently executed a brand new 15-year lease with three (3) additional 5-year renewal options, providing stable in-place income with long-term extension potential. The lease features 10% rental increases every five years throughout the primary term and at the beginning of each option period, driving NOI growth and providing a hedge against inflation. Mighty Wash Operations, LLC is the operating entity behind Mighty Wash, a growing car wash brand with 28 locations. The property features new 2026 construction, and the lease is absolute NNN with zero landlord responsibilities, providing an ideal, management-free investment opportunity for a passive investor. The property benefits from prominent frontage along E FM 2410 Road (27,600 VPD) at the signalized intersection with Wampum Drive (3,900 VPD) and is just minutes from U.S. Highway 190/Interstate 14 (63,900 VPD), providing strong regional connectivity. The site is positioned within a dense retail corridor alongside national brands including Walmart Supercenter, Take 5, and O’Reilly Auto Parts, and near major retail destinations including Market Heights (4.2 million annual visits) and Killeen Mall (2.5 million annual visits). Additional demand drivers include Seton Medical Center Harker Heights, an 83-bed acute care hospital, and Fort Hood, one of the region’s largest employment and economic drivers. The 5-mile trade area is supported by more than 114,200 residents and 26,300 employees, while the 1-mile trade area features an average household income of $119,467.

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Listing ID: a28TP000003TEc9YAG