7027 Quaker Avenue

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7027 Quaker Avenue

Lubbock, TX 79424
Asking Price
$2.85M
Cap Rate
6.79%
Asset Type
Car Wash Retail
Class
Class B

What's Special

Mister Car Wash - Texas | $350+/SF | Corporate Ground Lease | Rare Low-Basis Entry Point <ul><li>​<strong>Absolute NNN Ground Lease & Corporate Mister Car Wash Tenancy:</strong> The property is leased to Mister Car Wash, under an Absolute Triple Net Ground Lease structure, with the tenant responsible for all taxes, insurance, utilities, maintenance, and capital expenditures.</li><li>​<strong>Rare Low-Basis Entry Point:</strong> Listed at $2,850,000, this offering provides an exceptional opportunity to acquire a corporate NNN car wash asset at approximately $350/SF on the building.</

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NOI
$80,000
Cap Rate
2.81%
DSCR
0.47
Underwater
Cash-on-Cash
-10.43%
Monthly Payment
$14,100.245
Annual Cash Flow
$-89,202.94

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