Mister Car Wash

1377 West 7800 South, West Jordan, UT 84088

$2,957,000

Cap Rate 7.00%

Views: 202 DOM: 460 Updated: 07.09.24 Posted: 08.21.23 Status: Contract

Summary

Price $2,957,000	Built/Renov 2008/2014	Tenant Mister Car Wash
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 4,390	Lease Start 09-11-2020	#Units 476
Price/SF $673.58	Expiration 09-30-2040	Tenant Type Automotive
NOI $206,966	R. Term 15.10	Ownership Fee Simple
Rent/SF $47.14	Increases 1.5%/1/yrs	Pop 5Mi 381,985
Lot/AC 0.93	Options 4/5yrs/1.5%	AHHI 5Mi $100,224

Peter Deltondo

Marcus & Millichap

Contact

Lease Highlights

Mister Car Wash has 17 years remaining on the current lease term with 4 (5-year) options to extend
Lease features 1.5% rental increases every 5 years in primary term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Mister Car Wash Holdings, Inc (NYSE: MCW)

Location Description

This 4,390 square foot Mister Car Wash is strategically located along West 7800 South with access to 36,000 vehicles per day. The site benefits from its close proximity to 5 apartment complexes totaling 1,578 units providing a direct consumer base for the site to draw from. National/credit tenants in the area include Advance Auto Parts, Maverik, Popeyes, WinCo Foods, Zaxby’s and many others....

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Key Features

Build to suit
Major thoroughfare
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Absolute NNN
Accelerated depreciation
Traded and rated company
Corporate Guarantee

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Links

Mister Car Wash Wikipedia West Jordan, Utah Zip Code 84088 Broker Site Page

Maps

Local Information

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
2028 Total Population :	16,065	134,234	375,081
2023 Total Population :	15,837	133,332	373,179
2023 Employed Civilian Pop :	8,702	72,066	200,681
2023 Total Businesses :	493	4,515	12,200
2023 Average Household Income :	$ 93,975	$ 99,672	$ 105,653
2023 Total Consumer Spending :	$ 481 M	$ 4041 M	$ 11663 M
2023 Median Age :	31	34	34
2023 Total Households :	5,841	46,925	128,407
2023 Pop Age 25+: Bachelor's Degree :	1,758	18,286	55,280
2023 Average Home Value :	$ 437,463	$ 499,350	$ 509,979

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W 7800 S	S 1400 W	2000	19,620	0.03 mi
Temple Dr	W 7900 S	2000	12,930	0.12 mi
Temple Dr	Georges Cir	2000	8,250	0.12 mi
W 7800 S	S 1530 W	2002	29,010	0.12 mi
W 7800 S	S 1140 W	2017	25,000	0.24 mi
W 7800 S	S 1530 W	2009	24,690	0.34 mi
Redwood Rd	7888 S	2009	39,540	0.40 mi
Redwood Rd	W 7700 S	2009	41,070	0.41 mi
Redwood Rd	7888 S	2010	34,890	0.44 mi
W 7800 S	S 1825 W	2012	30,800	0.45 mi

Listing Broker

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