Mister Car Wash – Champlin, MN

Tenancy: Mister Car Wash
Building Size: 5,000 SF
Renewal Options: Four 5-Year
Lease Expiration: 20 Years from COE
Rental Increases: Annual

• 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

∘ Annual increases during primary term and options

∘ Prime Location, High Traffic Counts: 40,000+ CPD

∘ Brand New, 2022 Construction

∘ No Direct Competition within a 3-mi Radius

 

About Mister Car Wash:

∘ 436 locations with numerous new sites set to open in 2023

∘ 40 locations open in the last year, a 9.6% increase (YOY)

∘ $876.5 million in total revenue (2022)

∘ 1.88 million Unlimited Wash Club members

∘ Publicly traded company (NYSE: MCW – see 2022 performance here)