Tenancy: Tommy's Express Car Wash
Building Size: 5,247
Renewal Options: Four, 5-Year Options
Lease Expiration: 09/16/2044
Rental Increases: Annual
• Single-Tenant Tommy’s Express Car Wash:
∘ Institutionally backed, rapidly growing franchisee
∘ Absolute NNN Lease, zero landlord responsibilities
∘ 18+ year Lease term with four, 5-year options
• About Tommy’s Express:
∘ 260 locations with 60+ coming soon
∘ #7 largest express car wash platform in the nation
∘ 50+ years in the car wash business
∘ #1 car wash on Franchise 500’s List
• Single-Tenant Tommy’s Express Car Wash:
∘ Private equity backed, rapidly growing franchisee
∘ Absolute NNN Lease, zero landlord responsibilities
∘ 19+ year Lease term with four, 5-year options
∘ 2.00% annual increases for the first four years
• About Tommy’s Express:
∘ 260 locations with 60+ coming soon
∘ #7 largest express car wash platform in the nation
∘ 50+ years in the car wash business
∘ #1 car wash on Franchise 500’s List
• Franchisee Expanding Rapidly in Houston & Salt-Lake City
• Bonus Depreciation: Property qualifies for 100% bonus depreciation on carwash improvements
(contact for more info)
∘ “Big Beautiful Bill” includes the reset of bonus depreciation to 100% for 2025 and beyond
• Texas is an income tax-free state
• Houston MSA: The #5 largest MSA in the USA with a population over 7.2 million and robust
economic development
