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Car Wash

Mister Car Wash

1377 W 7800 S, West Jordan, UT 84088

Listing Price: $2,957,000

Cap Rate
7.00%
Tenant Name
Mister Car Wash
Years Remaining On Lease
16.3
Gross SF
4,390
Guarantor
Corporate Guarantee
Rentable SF
4,390
Price/Gross SF
$673.58
Lease Type
Absolute Net
Rent Per Square Feet
$47.15

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Mister Car Wash a single-tenant property located at 1377 West 7800 South, West Jordan, UT 84088.

Mister Car Wash (NYSE: MCW) has 16.5 years remaining on its corporate absolute-net lease with 1.5% annual increases. MCW benefits from dense demographics surruonding the property, as well as, excellent access & visibility along West 7800 South (36,000+ Vehicles Per Day). Just blocks away from 5 aprtment complex and overstock.com corporate headquarters totalling 1,500+ units and over 1,500+ employees.


Headquartered in Tucson, Arizona, Mister Car Wash, Inc. (NYSE: MCW) operates over 467 car washes nationwide and has the largest car wash subscription program in North America. With over 25 years of car wash experience, the Mister team is focused on operational excellence and delivering a memorable customer experience through elevated hospitality. The Mister brand is anchored in quality, friendliness and a commitment to the communities they serve as good stewards of the environment and the resources they use. Mister believes that when you take care of your people, they will take care of your customers. Mister Car Wash is quickly expanding, adding an average of 30+ locations each year over the last five years. To support their growth trajectory, they’re focused on their people, building a solid headquarters and regional store support infrastructure, robust training to develop and promote talent, and best-in-class benefits.

Investment Highlights

  • Absolute-Net (Zero Landlord Responsibilities): 17 Years Remaining with 1.5% Rental Increases Every 5 Years Including the Four, 5 Year Options.
  • Strong Corporate Guaranty (NYSE: MCW): Leased by Mister Car Wash, the Largest Domestic Operator of Conveyor Car Washes with Over 430+ Locations Across the United States.
  • Excellent Access & Visibility: 281 Feet of Frontage Along West 7800 South (36,000+ Vehicles Per Day).
  • Dense Infill Location with Favorable Demographics: Within a 5-Mile Radius there is an Estimated Population of 381,985 people and during the Daytime that Population Increases to 412,661. Residents also have an Average Household Income of $100,224 which Allows for more Deposable Income to use a car wash service .
  • Blocks Away from 5 Apartment Complex & Overstock.com Corporate Headquarters: Overstock.com Headquarters has 1,500+ Employees and the 5 Apartment Complexes totaling 1,578 Units.
  • Eligible for Bonus Deprecation: This property allows for an investor to use bonus deprecation for significant tax savings. Please consult with your accountant.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) UT: 6250302-PB00

    Utah

Financing By

Car Wash

Mister Car Wash

Listing Price: $2,957,000

Cap Rate
7.00%
Tenant Name
Mister Car Wash
Years Remaining On Lease
16.3
Gross SF
4,390
Guarantor
Corporate Guarantee
Rentable SF
4,390
Price/Gross SF
$673.58
Lease Type
Absolute Net
Rent Per Square Feet
$47.15

Investment Highlights

  • Absolute-Net (Zero Landlord Responsibilities): 17 Years Remaining with 1.5% Rental Increases Every 5 Years Including the Four, 5 Year Options.
  • Strong Corporate Guaranty (NYSE: MCW): Leased by Mister Car Wash, the Largest Domestic Operator of Conveyor Car Washes with Over 430+ Locations Across the United States.
  • Excellent Access & Visibility: 281 Feet of Frontage Along West 7800 South (36,000+ Vehicles Per Day).
  • Dense Infill Location with Favorable Demographics: Within a 5-Mile Radius there is an Estimated Population of 381,985 people and during the Daytime that Population Increases to 412,661. Residents also have an Average Household Income of $100,224 which Allows for more Deposable Income to use a car wash service .
  • Blocks Away from 5 Apartment Complex & Overstock.com Corporate Headquarters: Overstock.com Headquarters has 1,500+ Employees and the 5 Apartment Complexes totaling 1,578 Units.
  • Eligible for Bonus Deprecation: This property allows for an investor to use bonus deprecation for significant tax savings. Please consult with your accountant.

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Mister Car Wash a single-tenant property located at 1377 West 7800 South, West Jordan, UT 84088. Mister Car Wash (NYSE: MCW) has 16.5 years remaining on its corporate absolute-net lease with 1.5% annual increases. MCW benefits from dense demographics surruonding the property, as well as, excellent access & visibility along West 7800 South (36,000+ Vehicles Per Day). Just blocks away from 5 aprtment complex and overstock.com corporate headquarters totalling 1,500+ units and over 1,500+ employees. Headquartered in Tucson, Arizona, Mister Car Wash, Inc. (NYSE: MCW) operates over 467 car washes nationwide and has the largest car wash subscription program in North America. With over 25 years of car wash experience, the Mister team is focused on operational excellence and delivering a memorable customer experience through elevated hospitality. The Mister brand is anchored in quality, friendliness and a commitment to the communities they serve as good stewards of the environment and the resources they use. Mister believes that when you take care of your people, they will take care of your customers. Mister Car Wash is quickly expanding, adding an average of 30+ locations each year over the last five years. To support their growth trajectory, they’re focused on their people, building a solid headquarters and regional store support infrastructure, robust training to develop and promote talent, and best-in-class benefits.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): UT: 6250302-PB00

    Utah

Financing By

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