Car Wash
Mighty Wash Car Wash | Qualifies for Bonus / Accelerated Depreciation
6506 82nd St, Lubbock, TX 79424
Listing Price: $4,848,000
Investment Overview
Mighty Wash is a Texas-based car wash chain founded in Lubbock, Texas in 2012. In 2018, Mighty Wash acquired three Quick Quack Car Wash sites in Lubbock, Texas, and in 2021 the company acquired the entire ZK Express Tornado Car Wash chain for a total of five locations in Texas and New Mexico. Overall, Mighty Wash operates 20 locations and counting throughout southeastern New Mexico and west Texas.
Home to Texas Tech, one of the largest universities in the state, Lubbock is also the most populous metro in the western Texas and eastern New Mexico region. The county seat of Lubbock County, the city is home to an estimated 329,000 residents.
Mighty Wash Car Wash | Qualifies for Bonus / Accelerated Depreciation
Investment Highlights
- Brand New 20-Year Absolute Triple-Net (NNN) Lease with Annual Rent Increases
- Corporate Guaranty by Mighty Wash, with 20 Locations and Counting Throughout Texas and New Mexico
- 156,349 Residents within a Five-Mile Radius - Dense Lubbock Infill
- Rapidly Growing Trade Area with Households and Population Projected to Increase Approximately 9% in the Surrounding Area by 2028
- Located Across from Walmart, Surrounded by National Retailers: Walgreens, McDonald's, Chick-fil-A, Discount Tire, and More
- Signalized Hard Corner Location, Visible to Over 46,800 Cars per Day
- Average Household Income Exceeds $135,000 within a One-Mile Radius
Car Wash
Mighty Wash Car Wash | Qualifies for Bonus / Accelerated Depreciation
Listing Price: $4,848,000
Investment Highlights
- Brand New 20-Year Absolute Triple-Net (NNN) Lease with Annual Rent Increases
- Corporate Guaranty by Mighty Wash, with 20 Locations and Counting Throughout Texas and New Mexico
- 156,349 Residents within a Five-Mile Radius - Dense Lubbock Infill
- Rapidly Growing Trade Area with Households and Population Projected to Increase Approximately 9% in the Surrounding Area by 2028
- Located Across from Walmart, Surrounded by National Retailers: Walgreens, McDonald's, Chick-fil-A, Discount Tire, and More
- Signalized Hard Corner Location, Visible to Over 46,800 Cars per Day
- Average Household Income Exceeds $135,000 within a One-Mile Radius
Investment Overview
Mighty Wash is a Texas-based car wash chain founded in Lubbock, Texas in 2012. In 2018, Mighty Wash acquired three Quick Quack Car Wash sites in Lubbock, Texas, and in 2021 the company acquired the entire ZK Express Tornado Car Wash chain for a total of five locations in Texas and New Mexico. Overall, Mighty Wash operates 20 locations and counting throughout southeastern New Mexico and west Texas. Home to Texas Tech, one of the largest universities in the state, Lubbock is also the most populous metro in the western Texas and eastern New Mexico region. The county seat of Lubbock County, the city is home to an estimated 329,000 residents.
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