A private investment company that owns net-leased commercial real estate. Our portfolio is made up of express car wash properties in Florida and Texas, leased long term to established operators under absolute NNN leases.
Portfolio figures as of October 2026. Every lease carries a corporate guarantee.
Karmani Holdings owns fee simple commercial real estate leased to operating businesses on long-term absolute net leases. Under these leases the tenant pays taxes, insurance and maintenance, so the property can be owned for the long haul.
Our current portfolio is five modern express car wash properties along busy retail corridors in the Sarasota-Bradenton, Punta Gorda, Ocala, Dallas-Fort Worth and Austin markets. Each is leased to a multi-site operator and backed by a corporate guarantee.
Karmani Holdings is led by principal Tucker (Bhavin) Thakrar.
Tenants pay property taxes, insurance and maintenance, including roof and structure.
Original 20-year leases with four 5-year renewal options and built-in annual rent increases.
Every lease is guaranteed by the operator's parent company, which runs dozens of locations or more.
Sites sit near national anchors like Walmart, Publix, Target and H-E-B, on roads carrying tens of thousands of vehicles a day.
Express car wash properties in growing Sun Belt markets, each leased to an established regional or national operator.
We look for real estate that produces steady income with as little landlord involvement as possible, in markets where the location will matter for decades.
We favor absolute NNN leases, where the tenant covers taxes, insurance and maintenance, including roof and structure. That keeps income predictable and the property easy to manage.
We buy for long hold periods and favor long original lease terms with fixed annual rent increases and multiple renewal options, so income grows over time.
We back experienced multi-site operators with corporate guarantees and sponsors with real resources, on high-traffic sites next to national retailers in growing markets.
Brokers, operators and partners with net-lease opportunities are welcome to reach out.
Tucker (Bhavin) Thakrar, Principal