Cayson Fincher, Simon Assaf, and Josh Longoria In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.
Bid Dates: June 1st-3rd, 2026 | Starting Bid: $750,000
- SPECIAL TAX ADVANTAGE Under IRS Code Sections 179 & 168(k), these types of properties can qualify for business expense deductions up to 80 percent of the cost in the first year. Some car washes even qualify for “bonus depreciation” for personal property acquisitions in addition.
- POPULATION DENSITY 155,000 residents and 62,000 rooftops within a 3-mile radius of the site. Within a 20 minute drive radius, the population is ~875,000 residents.
- DENSE RETAIL CORRIDOR This site is positioned in a Target anchored shopping center which contains national tenants such as Chipotle, Petsmart, and other big box retail tenants. Additionally, the location is less than one mile from West Oaks Mall.
- LOCATION & HIGH TRAFFIC Strategically located on Westheimer Rd which sees ~45k vehicles per day.
- DUAL TUNNEL Constructed with two, 80 ft tunnels. Designed to efficiently manage high-volume activity.
- E-COMMERCE RESISTANT The car wash industry has thrived despite the presence of E-Commerce.
- RECENT IMPROVEMENTS The current operator recently spent ~150k on capital improvements. This includes new pay stations, new lighting system and cosmetic upgrades.