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Pasco, WA - Mister Car Wash & Wake Up Call Coffee

$5,800,000

7200 & 7204 Burden Blvd, Pasco, WA 99301

Active
Last Updated: 03/03/2024

6.25

Cap Rate

362,907

NOI

Details:
Cap Rate:    6.25%
NOI:    $362,907
Building Size:    4,730 sqft
Lot Area:    2.5 acres
Occupancy:    100%
Tenancy:    Multiple
Description:

• The property totals 4,730 square feet and is divided into 2 buildings with Mister Car Wash occupying 3,500 square feet and Wake Up Call Coffee occupying 1,230 square feet
• Both leases feature rare annual rental increases, steadily growing NOI and hedging against inflation
• The offering consists of a diverse, ecommerce resistant tenant lineup comprised of service and dining tenants creating a stabilized, income stream for a new investor
• Both tenants operate under leases which are NNN, limiting expense leakage for a future investor

• The asset is located adjacent to Interstate 182, which averages 58,000 vehicles passing by daily and is a major thoroughfare serving the city of Pasco
• The subject property is ideally situated as an outparcel to Lowe’s Home Improvement a 99,000 square foot store shadow anchored by Petco and Aspen Dental
• The site is located just south of Pleasant Run Towne Crossing, a 212,000 square foot shopping center anchored by Target and PetSmart
• Mister Car Wash & Wake Up Call have excellent visibility and access for customers along Burden Blvd

Map:
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