Mister Car Wash

110 Lake Harbour Drive, Ridgeland, MS

$4,938,000

Price

6.6%

Cap Rate

$325,966

NOI

Overview
Cap Rate
6.6%
NOI
$325,966
Building Size
3,081 sqft
Lot Area
1.14 acres
Occupancy
100%
Year Built
2004
Tenancy
Single
Lease Expire Year
4/30/2036
Description

Single-Tenant Mister Car Washes:
- Absolute NNN with zero landlord responsibilities
- Corporate guaranteed leases by largest U.S. car wash operator
- 17-year lease terms
- 1.5% annual increases
- Strong sales locations


Mister Car Wash:
- Largest car wash operator in the U.S.
- Currently operates 304+ car washes in 21 states
- Been in business for 50 years
- Superior credit for a net leased car wash investment with strong unit level and corporate financials provided
- Assets in excess of $600 million
- Over 45 million cars washed in 2018
- Increased number of locations by 18% in last 12 months


Internet-Resistant and Recession-Proof Industry: $11.2 billion industry with 3.2% annual growth


Jackson MSA Locations:
- Largest city in Mississippi
- Nearly a billion in development projects in past 10 years

Documents
Title
CLICK HERE FOR COMPLETE OFFERING MEMORANDUM
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Location
Gallery