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New Single-Tenant WhiteWater Express Car Wash:
∘ Corporately guaranteed lease by WhiteWater Express
∘ Absolute NNN with zero landlord responsibilities
∘ 19-year initial lease term with four 5-year options
∘ 17+ years of firm lease term remaining
∘ 1.25% annual increases during primary term and options
• Top 10 Corporately-Owned Car Wash Operator in the Nation
∘ 125 locations across 6 states throughout the South and Midwest
∘ Over 900 employees and growing rapidly
∘ 50+ years of managerial experience
∘ Private equity backed by multi-billion dollar firm, Feeman Spogli & Co.
• High Traffic Location: Over 60,000 cars per day on the hard corner of Beach Street
and Tarrant Parkway
• Prime Location on 30,000+ Cars per Day Roadway
• Excellent Demographics:
∘ $133,000+ average household income within a 3-mile radius
∘ 297,000+ population within a 5-mile radius
• Strong Retail Synergy: Nearby tenants include Costco Wholesale, WinCo Foods,
Walmart Supercenter, CVS/pharmacy, Walgreens, and other nationally recognized
retailers
• Strategically Positioned by I-35: The main interstate highway running through
Texas, directly connecting Arkansas and Mexico
• Bonus Depreciation: Property qualifies for 80% bonus depreciation on car wash
improvements (more info)
• Dallas Fort Worth MSA:
∘ #1 largest MSA in Texas
∘ #1 fastest growing population per capita in the USA
∘ #4 largest MSA in the USA with 10-year growth estimates of 20%
• Booming Apartment Development within Immediate Trade Area:
∘ Town Artisan Village | 374+ Townhomes & Upscale Apartments
∘ Monterra Village | 550+ Luxury Apartments
• 25-Minute Drive to Dallas-Fort Worth International Airport:
∘ #2 international airport for total passengers
∘ Servicing 28 airlines to 260 destinations (193 domestic, 67 international)
• Service-Based, Internet-Resistant, and Recession-Proof Tenant
