Self-Serve Car Wash Portfolio | Business + Real… — Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Houston, TX 77429

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Self-Serve Car Wash Portfolio | Business + Real… — Sale in Houston, TX, photo 1 of 2
Self-Serve Car Wash Portfolio | Business + Real… — Sale in Houston, TX, photo 2 of 2

Investment Figures

Cap rate
9.92%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire Cypress Car Wash, a two-location self-serve car wash portfolio offered as a business plus real estate acquisition in Cypress, Texas, within the Northwest Houston market. The offering includes both operating businesses and the underlying real estate at 12615 Louetta Road (built 2006, ±4,132 SF on ±0.52 acres) and 16102 Spring Cypress Road (built 2004, ±4,730 SF on ±0.63 acres), totaling ±8,862 square feet on ±1.15 acres. Priced at $3,100,000, the portfolio generates $307,426 in combined EBITDA (January–June actuals, July–December pro forma), a 9.92% EBITDA yield. Seller initiatives underway, including automatic bay LED lighting, a third bill changer, and a planned food truck park, offer upside not reflected in current EBITDA, and the property may qualify for 100% bonus depreciation. The Spring Cypress Road site sits at the signalized Barker Cypress Road intersection (±21,459 and ±14,284 VPD) alongside Walgreens, Dollar Tree, O'Reilly Auto Parts, and Chevron, directly adjacent to Venterra's $50 million, 384-unit luxury tower under construction. The Louetta Road site sits near the signalized North Eldridge Drive intersection (±17,195 and ±7,960 VPD) with CVS, Chase, Wendy's, and Texaco nearby. The 5-mile trade area holds 247,613 residents with an average household income of $141,831, and includes Cypress Woods High School (3,550 students), Lone Star College (12,859 students), and Houston Methodist Cypress Hospital. Cypress sits within the Houston MSA, the largest in Texas and 5th-largest in the nation with 7.85 million residents. Investment Highlights: • Two Operating Self-Serve Car Washes | Business + Real Estate Acquisition • $307,426 Combined EBITDA | 9.92% EBITDA Yield at $3,100,000 • Seller Upside Initiatives Underway | 10.81% Mid-Case Pro Forma Yield (Seller Estimate) • Potential 100% Bonus Depreciation Eligibility • ±8,862 SF Combined on ±1.15 AC | Built 2004 and 2006 • Signalized Locations on

Market Context

This retail in Houston, TX is listed for sale. It is offered at an approximate 9.9% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Houston, TX — view the full market.

As of Q1 2026, the Houston retail market showed a 5.5% vacancy rate, average asking rents near $21.28/SF/yr, rents up 2.5% year over year, and cap rates around 7.5%. Source: multiple brokerage reports, Q1 2026.

Its 9.9% asking cap rate is above the Houston retail market average of about 7.5%, implying a higher yield (and typically more risk or upside) than comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Houston?
About 7.5% as of Q1 2026, per multiple brokerage reports.
Is the Houston retail market tightening or softening?
Vacancy is around 5.5%, with asking rents rising year over year (Q1 2026).

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