4950 Evers Road
San Antonio, TX 78228
Top Performing Location Companywide:
- The subject property is Swiftwater’s number one performing location companywide.
- The seller/tenant remained open for business in 2020 during the COVID-19 pandemic and this location continues to perform well.
- The self-serve car was industry is positioned well post-COVID as we have seen a transition from high touch full service car washes to zero touch self-serve.
Long Term, Corporate (Parent Company) NNN Lease:
- Swiftwater Holdings, Inc. will sign a brand new 15-year absolute NNN lease at the close of escrow.
- Zero landlord obligations creating a passive, management-free 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
Highly Trafficked Location Near Major Highway
- The subject property benefits from its located along off Bandar Road, a major thoroughfare with 20,990 cars per day.
- Less than 1 mile from Interstate 410, which has nearly 200,000 cars per day.
Major Retail Corridor – Numerous National Anchors
- This location is just south of the HEB and Office Depot anchored shopping center, the major grocer and trade area generator for the immediate area.
Densely Populated Trade Area
- Extremely high density in the immediate area with 391,734 people and 147,268 households in the 5-mile radius.
- Ideal demographics with average household incomes of $56,623 in the 5-mile radius of the subject property.
Well Located In North San Antonio
- Wonderland of the Americas, 2.3 miles northeast of the subject property, is the major shopping center with medical and business services, and entertainment.
- Located across Interstate 410 from the major medical district of San Antonio including University Hospital, CHRISTUS Hospital, and Methodist Hospital. All major employers and draws to the trade area.
- Just 10 miles from downtown San Antonio
- The subject property was recently remodeled in 2020 which has further increased sales