

Express Wash Concepts | 130+ Unit Credit
New 20-Yr Sale Leaseback | 6.00% CAP | Proven Location
Marketing description
Northmarq is pleased to offer for sale the fee simple interest in this Moo Moo Express Car Wash property located on Lazelle Rd, in Columbus, Ohio. The property consists of a ±3,200-square-foot express car wash situated on a one-acre parcel, within a main retail corridor in Columbus. A new 20-year absolute NNN lease will be executed at the close of escrow, including 1.5% annual increases.
The whimsically named Moo Moo Express is one of five award-winning brands under the Express Wash Concepts platform, a 130+ unit operator of regional car wash brands, itself a portfolio company of Wildcat Capital Management, a successful private investment platform whose other portfolio companies include Club Car Wash (230 units), Frontier Airlines, the Seattle Kraken NHL franchise, DraftKings, and Robinhood, among others.
Lazelle Road is a major thoroughfare connecting Interstate 71 to Route 23, and is just outside Polaris Fashion Place, one of the top ranked retail destinations in Ohio in terms of visitation, retail occupancy and visitor reviews. This site has more than eight years of track record as a Moo Moo Express site, proving itself as both a strong performer and an important part of EWC’s portfolio.
Investment highlights
130 Unit Corporate Credit on the Lease (Express Wash Concepts)
Part of Wildcat Capital Mgmt - owner of Club Car Wash, Frontier Airlines, The Seattle Kraken and others
New 20 YR Absolute NNN Lease to Start at the Close of Escrow
77th percentile in 3 mi population density (based on a recent survey of NNN car wash deals)
$131k Avg Household Income in the Area (91st percentile based on the survey)
Proven location, 8+ Years as a Moo Moo Location
Strong Sales, Conservative Rents, with rent coverage exceeding 3x
1.5% Annual Increases
100% bonus depreciation is back - expense up to 100% of the depreciable assets in year one of ownership (consult with a CPA or tax expert for details)
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