Port Charlotte, FL - Mister Car Wash

Description:

SRS Real Estate Partners is pleased to offer the fee simple interest in an absolute NNN leased Mister Car Wash property located in Port Charlotte, Florida. The tenant, WFCW Propco Mccal, LLC, has over 19 years remaining on the primary term, with four (4) additional five-year renewal options, ensuring secure long-term cash flow. The lease features 1.5% annual rent increases throughout the base term and options, providing steady NOI growth and an effective inflation hedge. The lease is backed by a corporate guaranty from Mister Car Wash (NYSE: MCW), the largest car wash brand in North America with over 500 locations and nearly $1 billion in annual revenue. Constructed in 2022 to the tenant’s latest prototype standards, the property offers a modern, efficient layout. The absolute NNN lease structure includes zero landlord responsibilities, making this a management-free opportunity ideal for passive investors.

The site features strong visibility and accessibility along S. McCall Road (34,500 VPD) and is located within a dense retail node anchored by Home Depot and Dollar Tree, and just minutes from a top-performing Publix center with over 1.3 million annual visits. Additional nearby tenants include Wendy’s, Mobil, and Wells Fargo. Surrounded by established residential neighborhoods, the 5-mile trade area includes over 44,500 residents and 6,100 employees, with an average household income exceeding $99,200. Port Charlotte is part of the growing Punta Gorda MSA, supported by strong in-migration, retail expansion, and economic diversification.

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