| Price $2,500,000 | Built/Renov 2024 | Tenant Mister Car Wash (GL) |
| Cap Rate 5.20% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
5,381
| Lease Start
01-20-2024
| #Units
476
|
| Price/SF $464.60 | Expiration
01-31-2039
| Tenant Type Automotive |
| NOI $130,000 | R. Term 14.8 | Ownership Ground Lease |
| Rent/SF
$24.16
| Increases 1.5%/1/yrs | Pop 5Mi 202,636 |
| Lot/AC 1.04 | Options 5/5yrs/1.5% | AHHI 5Mi $100,462 |
| | |
Mister Car Wash is strategically located at the signaled, hard-corner intersection of Corporate Drive and Main Street, with access to a combined daily traffic count of 48,000 vehicles. The property benefits from excellent freeway accessibility, situated just off I-84’s Meridian Road Exit, which sees 118,500 VPD, as well as the 48,000 vehicles passing by Meridian Road itself. Additionally, it...
...New construction
Signalized intersection
Near major nationals
Freeway close
Strong demographics
Brand new lease
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Corporate Guarantee
Mister Car Wash is the nation’s largest car wash brand with over 475 locations across the United States (21 states). The company has come a long way since opening its first location in 1969 in...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 7,026 | 92,838 | 216,539 |
| 2023 Total Population : | 6,797 | 85,444 | 204,129 |
| 2023 Employed Civilian Pop : | 3,675 | 44,237 | 101,461 |
| 2023 Total Businesses : | 894 | 3,608 | 6,369 |
| 2023 Average Household Income : | $ 90,959 | $ 108,374 | $ 116,968 |
| 2023 Total Consumer Spending : | $ 214 M | $ 2948 M | $ 7276 M |
| 2023 Median Age : | 34 | 35 | 36 |
| 2023 Total Households : | 2,724 | 31,734 | 72,818 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,095 | 15,299 | 36,767 |
| 2023 Average Home Value : | $ 448,261 | $ 481,906 | $ 496,294 |
Quincy, WA
Cap Rate 5.50%
Lease Double NN
R. Term 13.10 yrs
Size/SF 7,125
El Paso, TX
Cap Rate 5.35%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 4,162
Broken Bow, OK
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 3,025
Punta Gorda, FL
Cap Rate 5.47%
Lease NN+
R. Term 10.80 yrs
Size/SF 6,638
Burlington, WA
Cap Rate 5.50%
Lease Double NN
R. Term 14.20 yrs
Size/SF 7,150
Irwin, PA
Cap Rate 5.90%
Lease Double NN
R. Term 9.70 yrs
Size/SF 7,225
Brawley, CA
Cap Rate 5.50%
Lease Abs NNN
R. Term 19.70 yrs
Size/SF 3,596
Rio Rancho, NM
Cap Rate 5.35%
Lease Double NN
R. Term 14.10 yrs
Size/SF 7,225
Severna Park, MD
Cap Rate 4.38%
Lease Abs NNN
R. Term 3.10 yrs
Size/SF 7,200
Tucson, AZ
Cap Rate 6.00%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 1,174
Wilmington, NC
Cap Rate 5.80%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 1,174
Saint Johns, FL
Cap Rate 5.50%
Lease Abs NNN
R. Term 14.11 yrs
Size/SF 3,000
Casa Grande, AZ
Cap Rate 6.00%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 1,438
Wesley Chapel, FL
Cap Rate 5.31%
Lease Double NN
R. Term 14.70 yrs
Size/SF 7,225
El Paso, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 1,438
Albuquerque, NM
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.11 yrs
Size/SF 1,438
Covington, LA
Cap Rate 6.00%
Lease Abs NNN
R. Term 11.80 yrs
Size/SF 4,732
Tucson, AZ
Cap Rate 6.00%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 1,438
Hammond, LA
Cap Rate 6.00%
Lease Abs NNN
R. Term 11.80 yrs
Size/SF 4,732
Waterford Township, MI
Cap Rate 5.45%
Lease Double NN
R. Term 14.20 yrs
Size/SF 7,225
Albuquerque, NM
Cap Rate 6.00%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 1,438
Yucca Valley, CA
Cap Rate 5.50%
Lease Abs NNN
R. Term 19.20 yrs
Size/SF 3,596
Las Cruces, NM
Cap Rate 6.00%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 1,430
Acworth, GA
Cap Rate 5.50%
Lease NN+
R. Term 10.00 yrs
Size/SF 2,148
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
