Description

This offering presents an excellent single-tenant investment opportunity secured by a new 20-year ground lease with four 5-year extension options, providing up to 40 years of potential term. With an absolute NNN structure and zero landlord responsibilities, it is ideally suited for passive investors. The lease is corporately guaranteed by Quick Quack Car Wash Holdings LLC, a rapidly growing operator with over 250 locations and estimated annual revenues exceeding $750 million as of January 2025. The company recently attracted an $850 million minority stake investment from KKR, a leading global private equity firm, underscoring its financial strength and growth trajectory. The property is new construction with an estimated opening date in July 2025, located on a signalized hard corner with traffic counts of over 34,500 vehicles per day. Positioned along a strong retail corridor, it is surrounded by nationally recognized tenants including Kroger, Harbor Freight, Chick-fil-A, McDonald’s, Sherwin Williams, Bank of America, AutoZone, H-E-B, and ALDI. Situated within the Houston MSA, the property benefits from affluent demographics with more than 169,000 residents and an average household income above $93,500 within a 10-mile radius. Located less than one mile from Texas State Highway 146, a key north-south arterial, the site provides excellent accessibility. Texas City is a leading hub for petrochemical production and logistics, supported by a strong industrial workforce. As part of the Houston metropolitan area—the second largest in Texas with more than 7.5 million residents—the region ranks among the nation’s top for job growth, driven by energy, healthcare, and technology sectors. Additionally, Houston is home to the Port of Houston, the 5th largest container port in the U.S., ensuring long-term economic vitality.