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Views: 42 DOM: 87 Updated: 09.18.24 Posted: 08.28.24 Status: Active

Summary

Price $6,326,000
Built/Renov 2012
Tenant Mister Car Wash
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,117
Lease Start 11-01-2017
#Units 476
Price/SF $1,536.56
Expiration 10-31-2042
Tenant Type Automotive
NOI $379,567
R. Term 17.11
Ownership Fee Simple
Rent/SF $92.20
Increases 1.5%/1/yrs
Pop 5Mi 117,431
Lot/AC 1.61
Options 5/5yrs/1.5%
AHHI 5Mi $155,736

Lease Highlights

  • Mister Car Wash has 18+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 1.5% annual rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Mister Car Wash is strategically located on Buford Highway, with access to 33,000 vehicles passing by daily. The property benefits from its close proximity to U.S. Highway 19, a major north-south route with 75,000 VPD. It features excellent visibility via significant street frontage and a large monument sign. The site also benefits from multiple points of ingress and egress. The immediate area...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Mister Car Wash
  • Guarantor:Corp T and Rated
  • Company:Mister Car Wash Holdings, Inc.
  • # Units:476
  • Tenant S&P: B
  • Moody’s: B2
  • Stock: NYSE: MCW

About Tenant

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...


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Demographics

  1 Miles 3 Miles 5 Miles
2027 Total Population : 5,172 50,394 128,321
2022 Total Population : 4,578 45,033 117,431
2022 Employed Civilian Pop : 2,127 20,918 55,942
2022 Total Businesses : 139 1,489 3,920
2022 Average Household Income : $ 186,548 $ 163,840 $ 155,736
2022 Total Consumer Spending : $ 261 M $ 2067 M $ 5089 M
2022 Median Age : 39 38 38
2022 Total Households : 1,682 15,022 38,862
2022 Pop Age 25+: Bachelor's Degree : 1,385 11,595 29,029
2022 Average Home Value : $ 457,284 $ 435,997 $ 420,353
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Trammel Road Balmoral Estates Way 2018 4,780 0.40 mi
Trammel Road 2019 4,880 0.40 mi
Buford Highway Bonnie Brae Rd 2019 33,000 0.70 mi
Morningside Dr Samples Rd 2005 140 0.71 mi
Daves Creek Rd Daves Creek Trl 2010 4,100 0.74 mi
Echols Rd Rolling Hills Dr 2010 4,300 0.90 mi
Trammel Rd Bradwardine Ct 2013 3,280 0.90 mi
Nuckolls Rd Fairview Dr 2010 5,844 1.06 mi
Haw Creek Rd Haw Creek Dr 2010 3,940 1.45 mi
Samples Rd Canon Ct 2010 3,300 1.49 mi

Listing Broker

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