2711 & 2719 Fredericksburg Road
San Antonio, TX 78201
COVID-19 Rent Protection: The seller/tenant is confident that upon the country opening back up for business, they will resume thriving. In an effort to ease any concerns, they are willing to prepay up to 6 months of rent at the close of escrow.
Long Term NNN Master Lease: Swiftwater Holdings, Inc. will sign a brand new 15-year absolute NNN master lease for the entire property to commence upon the close of escrow. The buyer will not have to manage any lease or CAMs with Hometown Burgers creating a passive, single tenant investment.
Internet Resistant Industry: The landscape of retail tenants offering goods and services is changing on a daily basis. The car wash industry is well positioned to avoid pressure from ecommerce gaining traction on market share. As the number of cars on the road continues to increase, we can expect even more demand for car washes.
Industry Wide Growth – Primarily Small Business Owners: There has been notable growth over the last 5 years in the car wash industry averaging yearly growth of over 3% with total revenues expected to exceed $12B in 2019. This is an industry that isn’t dominated by a few big chains, in fact, 90% of car washes are owned by small business owners leaving plenty of room in a growing industry.
Corporate Signature/Guaranty: The master lease will be backed by the parent company, providing the utmost security to any investor.
Newly Constructed: The Swiftwater and Hometown Burgers were both recently constructed in 2019.
Solid Location and High Traffic: Ideally located along west of Interstate 10 where traffic counts are over 200,000 CPD and less than 2 miles from Wonderland of the Americas, a 733,910 SF regional shopping center anchored by Target.
Excellent Demographics and Growth: Densely populated trade area with 411,000 people in a 5-mile radius. This location benefits from surrounding rooftops feeding into Thomas Jefferson High School with over 1,600 students currently enrolled.