Take 5 Car Wash
Mineola, TX
Key Details
Price: | $2,561,517 |
---|---|
Cap Rate: | 6.00% |
Annual Rent: | $153,685 |
Address: | 2163 North Pacific Street, Mineola, Texas 75773 |
Property Type: | Retail |
Lease Type: | Triple Net (NNN) |
Property Data
Original Lease Term: | 20 Years |
---|---|
Lease Commencement: | 12/1/2021 |
Lease Expiration: | 11/30/2041 |
Lease Term Remaining: | 16.6 Years |
Rental Increases: | 1.50% Annually |
Lot Size: | 1.15 Acres |
Building Size: | 3,704 SF |
Year Built: | 2020 |



NNN Pro is pleased to present the exclusive listing for a Take 5 Car Wash located at 2163 North Pacific Street, Mineola, Texas 75773. The site consists of roughly 3704 rentable square feet of building space on an estimated 1.15-acre parcel of land. This Take 5 Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 12/1/2021. The current annual rent is $153,685 and has scheduled increases of 1.50% Annually.
About the Investment
- Long Term Absolute Triple-Net (NNN) Lease | The lease is structured as a triple-net (NNN) lease. Meaning the tenant is responsible for covering all expenses - offering the landlord with a truly passive and predictable income stream.
- Acceleted and Bonus Depreciation | The subject property is eligible for significant tax benefits, including 15-year accelerated depreciation and bonus depreciation.
- Excellent Visibility and Frontage | With prime visibility and a commanding presence along North Pacific Street, this property boasts over 13,600 vehicles passing by each day.
- Proximity to Walmart Supercenter | Situated directly across the street from a Walmart Supercenter, this property guarantees increased foot traffic and heightened visibility.
- Strong Corporate Guarantee | This site benefits from a strong corporate guarantee from a rapidly growing brand in the car wash sector, Whistle Express is set to become the largest express car wash company in the U.S following its acquisition of Take 5 Car Wash from Driven Brands. The newly combined company now operates 530 locations across 23 states, this expansion strengthens Whistle Express’ leadership in the fast-growing car wash industry.
Key Details
Price: | $2,561,517 |
---|---|
Cap Rate: | 6.00% |
Annual Rent: | $153,685 |
Address: | 2163 North Pacific Street, Mineola, Texas 75773 |
Property Type: | Retail |
Lease Type: | Triple Net (NNN) |
Property Data
Original Lease Term: | 20 Years |
---|---|
Lease Commencement: | 12/1/2021 |
Lease Expiration: | 11/30/2041 |
Lease Term Remaining: | 16.6 Years |
Rental Increases: | 1.50% Annually |
Lot Size: | 1.15 Acres |
Building Size: | 3,704 SF |
Year Built: | 2020 |
Talk to the Pros

Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178

Christopher Urban
curban@nnnpro.com
License: NY: 10401294011

Brendan Murphy
bmurphy@nnnpro.com
License: NY: 10401389060
Broker of Record
Brian Brockman
Bang Realty-Texas, Inc
License: 701472
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.