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Princeton, TX - White Water Express Car Wash

$5,349,000

835 W Princeton Dr, Princeton, TX 75407

Active
Last Updated: 03/07/2026

5.75

Cap Rate

307,547

NOI

Details:
Cap Rate:    5.75%
NOI:    $307,547
Building Size:    5,144 sqft
Lot Area:    1.13 acres
Year Built:    2019
Zoning:    C-2
Description:

• WhiteWater Express Car Wash Corporate guaranteed lease
• Over 14 years remaining with 3 (5-year) option periods to extend
• The lease features 1.25% annual rental increases throughout the initial term and each option period
• The property may be eligible for bonus depreciation | Consult a tax advisor

• The subject property is located directly across from two major retail developments, Princeton Town Center and The Village of Princeton, which will include tenants such as The Home Depot, Kroger, Market Street, ALDI, Hobby Lobby, and First Watch, with many others planned
• As of July 2025, Princeton had 13,000 housing units approved for development
• The area is already home to many national/credit tenants including Walmart, Tractor Supply Co, Chipotle, Starbucks, Whataburger, Dutch Bros, and more

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