12610 Jones Maltsberger Road
San Antonio, TX 78247
COVID-19 Protection – Prepaid Rent:
- The seller/tenant remained open for business in 2020 during the COVID-19 pandemic and this location continues to perform well.
- To ease any potential buyer concerns, they are willing to prepay up to 6 months of rent at the close of escrow.
Long Term, Corporate 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 Jones Maltsberger Road, a major thoroughfare with 24,131 cars per day.
- Less than 1 mile from Highway 281, which has over 160,000 cars per day.
Major Retail Corridor – Numerous National Anchors
- This location is just southeast of the major retail corridor along Highway 281 anchored by Home Depot, Target, Office Depot, Santikos Entertainment, Sams Club, Hobby Lobby and a number of other national tenants.
Densely Populated Trade Area
- Excellent demographics with 257,000 people and 109,000 households in the 5-mile radius.
- Strong average household incomes of $86,583 in the immediate 1-mile radius of the subject property.
Well Located In North San Antonio Near International Airport
- Just 5.1 miles to San Antonio International Airport (SAT)
- Located just blocks from Blossom Athletic Center and Jerry Comalander Stadium, major draws for the area creating synergy and traffic near the subject property.
Brand New Construction
- The subject property was built in 2019 from the ground up providing an investor a brand-new building and improvements