Gleaux Car Wash | Triple Net (NNN) Lease
$3,864,000
2412 Oak Creek Blvd, Tyler, TX 75703
For Sale
Special Purpose
Active
Last Updated: 01/06/2022
7.25
Cap Rate
280,140
NOI
Details:
Cap Rate: 7.25%
NOI: $280,140
Building Size: 3,960 sqft
Lot Area: 2 acres
Year Built: 2019
Roof and Structure: Tenant's Responsibility
HVAC: Tenant's Responsibility
Repairs and Maintenance: Tenant's Responsibility
Highlights:
- New 2019 Construction Long-Term 20 Year Triple Net (NNN) Lease With a Corporate and Personal Guarantee
- Excellent Demographics With Over 53,602 Residents Making an Average Household Income Of $94,747 Within a 5-Mile Radius
- Conveniently Located Along Hwy 2493 With Direct Access Into Downtown Tyler (Just 8-Miles)
- 7 Minutes East of Hwy 69 and Major Tenants Like Academy Sports, T.J. Maxx, Burlington, Pizza Hut, Kohl’s, Target, Cheddar’s and Walmart Supercenter
- University of Texas at Tyler is Just 8.5-Miles Away and Serves Over 10,527 Students; It is Part of the University of Texas System Who’s Headquartered in Austin and Has a Total Enrollment of Over 216,000 Students; It is the Largest Public University System in the U.S.
- Tyler is 1.5 Hours East of Dallas and Was Named After the 10th President John Tyler; Tyler is Known as the “Rose Capital Of America” From Its Long History of Rose Production, Cultivation and Processing; It Has the Largest Rose Garden in the U.S. (14 Acres) With Over 38,000 Rose Bushes of at Least 500 Different Varieties
- Tyler’s MSA Has a Population of Over 230,000 People and it Includes Large Manufacturing Facilities Such as: Dynaenergetics, Trane and Cavendars; It Also Includes Upwards of 30,000 Higher Education Students Due to the University of Texas Health Sciences Center and the Tyler Junior College
- Texas is a Tax-Free Income State
- Nearby Users Include: Tyler Athletic Club and Swim Center, Jack Elementary School, Bruno’s Pizza & Pasta, Hagen’s Lighting, Super Food Mart, Pump Jaxe Urban Axe Throwing, Christ Church South, Blue Coral Pools and More
Description:
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,960 SF Gleaux Car Wash at 2412 Oak Creek Boulevard in Tyler, TX. This Opportunity Includes a Brand New Construction Long -Term 20 Year Triple Net (NNN) Lease in a Tax -Free Income State, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Austin, LLC – Lic. # 9004706
BoR: Max Freedman – Lic. # 644481
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