Mister Car Wash

3510 Lakeland Drive, Flowood, MS

$2,217,000

Price

6.5%

Cap Rate

$144,410

NOI

Overview
Cap Rate
6.5%
NOI
$144,410
Building Size
4,131 sqft
Lot Area
1.01 acres
Year Built
2006
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