Listed by Sands Investment Group
$2,850,000
Mister Car Wash - Lubbock, TX
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 8,110
Cap Rate 6.79%
NOI $193,600
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 18.6
Lease Expiration 09/07/2029
Remaining Term 3.3
Rent Bumps Yes
Lease Options 2 x 5 Year Options
Price per SqFt $351
Year Built 1989
Acreage 1.270
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/27/2011
Ground Lease Yes
Mister Car Wash | $350/SF | Corporate Ground Lease | Rare Low-Basis Entry Point
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 8,110 SF Mister Car Wash located at 7027 Quaker Avenue in Lubbock, TX. This offering features a corporate-guaranteed Mister Car Wash Ground Lease with an Absolute Triple Net (NNN) structure, providing a passive investment opportunity with minimal landlord responsibilities. The tenant is responsible for taxes, insurance, utilities, maintenance, repairs, and replacements under a long-term ground lease with Mister Car Wash / Car Wash Headquarters.
Investment highlights
- Absolute NNN Ground Lease & Corporate Mister Car Wash Tenancy: The property is leased to Mister Car Wash, under an Absolute Triple Net Ground Lease structure, with the tenant responsible for all taxes, insurance, utilities, maintenance, and capital expenditures.
- Rare Low-Basis Entry Point: Listed at $2,850,000, this offering provides an exceptional opportunity to acquire a corporate NNN car wash asset at approximately $350/SF on the building.
- Dominant Southwest Lubbock Retail Corridor: The asset sits at Quaker Avenue & 82nd Street — one of Lubbock's highest-traffic intersections, shadow-anchored by a Walmart Supercenter and TJ Maxx, with additional national credit tenants in the nearby area, including Sprouts, Chipotle, Chick-fil-A, Academy Sports, Starbucks, and Panda Express. This is one of the strongest retail nodes in West Texas.
- Mark-to-Market Upside Potential: The combination of a below-market land basis, corporate credit tenancy, preserved renewal options, and scheduled rent bumps positions this asset as one of the most attractively priced Mister Car Wash opportunities to come to market since 2021, offering both current yield and future value-add optionality.
Listing Contacts
Listed by Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$193,600.00
$16,133.33/mo
Valuation Metrics
0
DSCR
6.79%
Cap Rate
6.79%
ROI
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