Southern California Investor Group Acquires Mister Car Wash In Kemah For $5.42M With Chase Cameron As Buyer's Rep
312 Fm Road 518 East
$5,415,000
$991/SF
Building Size
5,462 SF
Asset Type
Retail
Closing
Apr 20, 2026
AI
A 2021-built, single-tenant Mister Car Wash property located at 312 FM Road 518 East, Kemah, Texas, has been sold for $5,415,000. The asset spans 5,462 square feet and sits on 0.99 acres. This transaction reflects a price per square foot of $991, with a cap rate of 5.75%.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,415,000
- Square Footage: 5,462 SF
- Acres: 0.99
- Market: Kemah
- Buyer's Representative: Chase Cameron - Matthews
- Seller's Representatives: Austin Blodgett & Jonathan Schiffer - RealSource Group
The sale was brokered by RealSource Group on behalf of a Houston-based private investor. The asset is backed by a long-term corporate lease and is situated near major retail corridors. The acquisition was made by a Southern California-based investor group amid strong demand for net-lease car wash properties.
Players
League City Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.93%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93