802 E RIO GRANDE ST

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802 E RIO GRANDE ST

VICTORIA, TX 77901
Asking Price
$4.67M
Cap Rate
6.75%
Asset Type
Car Wash Retail
Class
Class B

What's Special

Retail | 6.75% CAP | 3,615 SqFt <p></p><ul><li>​<span style="color: rgba(0, 30, 69, 1)">20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.</span></li><li>​<span style="color: rgba(0, 30, 69, 1)">100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model.</span></li><li>​<span style="color: rgba(0, 30, 69, 1)">Brand New High Quality Construc

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NOI
$80,000
Cap Rate
1.71%
DSCR
0.29
Underwater
Cash-on-Cash
-14.07%
Monthly Payment
$23,081.082
Annual Cash Flow
$-196,972.982

Location & Travel Times