Mister Car Wash| $2,995,000 | 7.01% CAP
» 15-YEAR ABSOLUTE-NET LEASE | ZERO LANDLORD RESPONSIBILITIES: 15-Year Lease (Commenced September 2020) Is Structured On An Absolute-NNN Basis; The Tenant—Car Wash Partners, Inc.—Covers All Expenses, Including Roof & Structure.
» 1.5% CONTRACTUAL ANNUAL RENT INCREASES: Inflation-Hedged Income Stream Lifts NOI By ±23% Over The Remaining Primary Term And Continues Through Four 5-Year Renewal Options Set At The Same 1.5% Escalator.
» PUBLICLY TRADED CATEGORY LEADER | 518-UNIT FOOTPRINT: Mister Car Wash (NYSE: MCW) Reported Record 2024 Revenue Of $994.7M And Operated 518 Locations In 21 States As Of March 31, 2025.
» PROVEN EXPRESS-TUNNEL PROTOTYPE | 4,390 SF ON 0.93 ACRES: 2008 Construction, Renovated 2014, Features Dual-Lane Stacking And Free Vacuums That Support The Brand’s High-Margin Unlimited Wash Club® Subscription Model.
» 36K VPD ON W 7800 SOUTH | ONE BLOCK OFF REDWOOD RD (≈40K VPD): Signalized Hard-Corner Frontage On West 7800 South (36,000 Vehicles/Day) Just West Of SR-68/Redwood Road (≈40,000 VPD). Nearby National Cotenants Include Walmart, WinCo Foods, Advance Auto Parts, Maverik And Popeyes.
» DENSE, AFFLUENT TRADE AREA: 2024 Population Exceeds 129K Within Three Miles With An Average Household Income Of $96K, 35% Above The U.S. Average (Broker Demographics).
» SALT LAKE CITY MSA — #3 BEST-PERFORMING LARGE CITY (2025 MILKEN): Metro GDP Reached $147.5B In 2023 And The 1.3M-Person Region Ranks Top-3 Nationally For Job And Wage Growth.
» $1.4B STATE INFRASTRUCTURE PIPELINE FUELS ACCESS & GROWTH: Utah Approved Nearly $1.4B In 2024 UDOT Projects, Including Redwood Road And Mountain View Corridor Upgrades That Enhance Regional Mobility.