Property History
New Single-Tenant Mister Car Wash Sale-Leaseback:
∘ Corporately guaranteed lease by the largest car wash operator in the U.S.
∘ Absolute NNN lease with zero landlord responsibilities
∘ 20-year initial lease term with four 5-year options
∘ 1.25% annual increases during primary term and options
• About Mister Car Wash:
∘ 407 locations with plans to grow to about 430 by end of 2022
∘ $895 million in total revenue expected for 2022
∘ 1.78 million Unlimited Wash Club members, 28% increase
∘ 55 new sites opened in the last year, a 16% increase
∘ Publicly traded company (NYSE: MCW)
• Extremely High-Sales Volume Location
• Bonus Depreciation: Property qualifies for 100% bonus depreciation on car wash
improvements (contact your accountant for details)
• Viera Master-Planned Community: Property is located in the heart of a top 15
U.S. master-planned community, which spans 38,000 acres with 13,000+ homes,
10,600 employees, and over 3.5 million square feet of commercial space
• High Traffic Street: Over 38,000 vehicles per day, which will increase due to road
expansion and new full interchange at I-95
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Property Details
Contacts
Map
Comparable Properties
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