Mister Car Wash

Highlights:

• Single-Tenant Mister Car Wash Absolute Net Ground Lease
• New Construction (2023)
• Corporate Guarantee with 13.5 Years Remaining & Attractive Rent Increases
• Largest Car Wash Operator with over 500+ Locations
• Only National Competitor
• Heart of the Primary Retail Corridor in Mankato
• National Tenant and Big Box Traffic Drivers
• Mankato State University Nearby

Description:

CBRE is pleased to present the exclusive opportunity to acquire a recently developed absolute net leased asset in Mankato, MN. The property features a corporately guaranteed Mister Car Wash ground lease with 13.5 years of lease term remaining. Mister Car Wash is a publicly traded company with a market cap of $2.26B (NASDAQ: MCW) and is the largest car wash operator in North America with over 500 locations. This property is well positioned in the center of a dense retail corridor on Madison Avenue in Mankato. The Madison Avenue retail corridor features numerous national retailers including Sam’s Club, Walmart, Target, Aldi and many others. This is an excellent opportunity for an investor to acquire a passive investment with a corporate guarantee located on the highest trafficked retail corridor in Mankato. Mankato, MN is the county seat of Blue Earth County and home to Minnesota State University, the second largest university in the State of Minnesota with enrollment exceeding 15,000 students.

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