Robinson, TX - Mighty Wash Car Wash

Highlights:

• Brand new 20-year absolute NNN lease with Zero Landlord Responsibilities
• Features 10% rental increases every 5 years
• Strong Membership Count Since Opening (Opened December 2024)
• Corporate Guarantee | Mighty Wash was founded in 2012 with 28 locations and growing | Strong Financials
• Fee Simple Ownership | Special Tax Advantages | Bonus Depreciation
• Directly across from a heavily trafficked Brookshire’s supermarket, which draws over 617,000 visitors annually (per Placer.ai)
• Located near Robinson’s primary, elementary, intermediate, junior high, and high schools, providing consistent traffic flow
• More than 68,900 residents and 43,500 employees support the trade area
• Affluent average household income of $107,580 in 1-mile radius
• Waco has a growth rate of 2.07% annually with a 15.39% increase in population since 2010. Ranked #2 in Texas and #7 nationally in job growth

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, newly constructed, corporate guaranteed, Mighty Wash investment property located in Robinson, TX (Waco MSA). The tenant recently signed a brand new 20-year lease with 3 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with no landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor in a state with no state income tax. Mighty Wash is a Texas-based car wash chain founded in Lubbock, Texas, in 2012. Today, Mighty Wash operates 28 locations and counting throughout southeastern New Mexico and west Texas, continuing its commitment to providing high-quality car wash and detailing services.

Mighty Wash Car Wash is strategically located along Robinson Dr., a major retail and commuter thoroughfare, with an average of 28,100 vehicles passing by daily. The asset is situated directly across from a heavily trafficked Brookshire’s supermarket, which draws over 617,000 visitors annually (per Placer.ai). Other nearby national/credit tenants include McDonald’s, Dairy Queen, and O’Reilly Auto Parts, increasing consumer traffic to the area. The investment is located near Robinson’s primary, elementary, intermediate, junior high, and high schools, which serve over 2,400 students. This location ensures consistent traffic flow from the daily commutes of students, parents, and staff. The property benefits from excellent visibility and access due to significant street frontage and a large monument sign. The brand new 2024 construction features high-quality materials and distinct Mighty Wash design elements.