11303 West Avenue
San Antonio, TX 78213
COVID-19 Protection – Prepaid Rent:
- The seller/tenant has remained open for business and this location continues to perform well through the COVID-19 pandemic.
- 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.
High Traffic Within 1-Mile of Subject Property:
- West Avenue: 20,925 CPD
- Blanco Road: 33,154 CPD
- NW Military Road: 20,723 CPD
- Highway US-281: 153,566 CPD
- NW Interstate 410 Loop: 299,814 CPD
Solid Infill Real Estate – Numerous Trade Area Generator
- Just 3.8 miles to San Antonio International Airport (SAT)
- 2 blocks from the HEB Anchored grocery center, the major grocer for the area
- Winston Churchill High School, with enrollment of over 2,800 students, is nearby. Swiftwater Car Wash provides them a low-cost solution to a clean car.
Excellent Demographics: Densely populated trade area with 357,000 people and $93,088 average HH incomes in a 5-mile radius.
Brand New Construction:
- The subject property was built in 2020 from the ground up providing an investor a brand-new building and improvements.
Long Term, Absolute NNN Leases: Brand new 15-year absolute NNN leases to commence upon the close of escrow. Zero Landlord responsibilities, including roof and structure. Completely passive investments for ownership.
Well Located In Their Respective Trade Areas: Strong location on EversRoad just off Interstate 410 Loop which has over 197,000 cars per day.
Excellent Demographics: This location benefits from its densely populated trade area with 391,000 people within the 5-mile radius and over 147,000 households.