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5329 South Staples Street, ...

Quick Quack Car Wash Acquires Retail Property In Corpus Christi From MFP LTD
SOLDRetail

Quick Quack Car Wash Acquires Retail Property In Corpus Christi From MFP LTD

5329 South Staples Street, Corpus Christi, Texas 78411, United States

Building Size

29,447 SF

Asset Type

Retail

Closing

Feb 14, 2022

AI

Quick Quack Car Wash has acquired a retail property in Corpus Christi, TX. The property is located at 5329 S Staples St and spans 29,447 square feet. The transaction took place on 02/14/2022. The seller, MFP LTD, sold the property to Quick Quack Car Wash, a company with over 155 locations nationwide.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not available
  • Address: 5329 S Staples St, Corpus Christi, TX
  • Market: Corpus Christi, TX
  • Square Footage: 29,447

Ben Etskovitz and Sam Etskovitz, representing Marcus & Millichap, acted as the brokers for this deal. They facilitated the acquisition of the retail property on behalf of Quick Quack Car Wash. This transaction was a merger and acquisition, involving the business and real estate sale of an express car wash. Marcus Millichap Houston served as the brokerage firm for the deal.

For more information about the acquisition, please refer to the press release.

Players

Benjamin Etskovitz

Marcus & Millichap

Broker

2 deals

Broker
Quick Quack Car Wash
Quick Quack Car WashBuyer

Corpus Christi 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93