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Pasadena, TX
Recently Closed: Quick Quack Car Wash
Price:
$3,000,000
Cap Rate:
5.75%
NOI:
$172,500
Built:
2025
Building Size (SF):
2025
Lot Size (Acres):
0.87
This new construction 20-year, absolute NNN corporate ground lease has four 5-year options and boasts 10% increases every 5 years, through the primary term and options. The population within a 5-mile radius of the subject property exceeds 278K, with an additional daytime population of 96K employees.
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