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Quick Quack Car Wash 702 Southmore Ave

33,018 SF Retail Building Pasadena, TX 77502 $3,000,000 ($91/SF) 5.75% Cap Rate

Retail Space Texas Pasadena 702 Southmore Ave, Pasadena, TX 77502

Investment Highlights

  • Quick Quack is the 4th Largest Car Wash Chain in the U.S.
  • Strong Surrounding Demographics with Great Employment Numbers
  • 20 Year NNN Ground Lease with 10% Increases Every 5 Years through Primary Term and Four 5-Year Options

Executive Summary

2024 CONSTRUCTION QUICK QUACK CAR WASH ON A BRAND NEW, 20-YEAR, ABSOLUTE NNN CORPORATE GROUND LEASE WITH CORNER VISIBILITY AT A SIGNALIZED INTERSECTION.

Attachments

QuickQuack_PasadenaTX

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Convenience Store
Building Size
33,018 SF
Building Class
C
Year Built
2024
Price
$3,000,000
Price Per SF
$91
Cap Rate
5.75%
NOI
$172,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.87
Lot Size
0.87 AC
Frontage
130 FT on Southmore

Amenities

  • Bus Line
  • Corner Lot
  • Signalized Intersection
  • Monument Signage
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Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Bank of America
Hartz Chicken Buffet
Chase Bank
Frost Bank
Buddy's Home Furnishings
Amegy Bank

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0513350000060
  • 0513350000010
 Improvements Assessment $523,673
Land Assessment $378,060 Total Assessment $901,733

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0513350000060
  • 0513350000010
Land Assessment
$378,060
Improvements Assessment
$523,673
Total Assessment
$901,733
(415) 269-8969

Contacts

  • Listing ID: 31743398

  • Date on Market: 5/8/2024

  • Last Updated:

  • Address: 702 Southmore Ave, Pasadena, TX 77502

More public record information on 702 Southmore Ave, Pasadena, TX 77502

The Retail Property at 702 Southmore Ave, Pasadena, TX 77502 is currently available for sale. Contact Monarch Commercial Advisors for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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702 Southmore Ave, Pasadena, TX for sale Building Photo- Image 1 of 5
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702 Southmore Ave, Pasadena, TX for sale Building Photo- Image 2 of 5
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702 Southmore Ave, Pasadena, TX for sale Building Photo- Image 3 of 5
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702 Southmore Ave, Pasadena, TX for sale Building Photo- Image 4 of 5
Screenshot 2024-05-08 155944

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Quick Quack Car Wash | 702 Southmore Ave
(415) 269-8969 x

Quick Quack Car Wash | 702 Southmore Ave

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David Lucas

(415) 269-8969

(415) 269-8969

Lauren Cazenave

(925) 892-4287

(925) 892-4287

Matt Nega

(443) 975-4299

(443) 975-4299

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