Tenancy: Mister Car Wash
Building Size: 5,466 SF
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
New 2021 construction
High sales volume location
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)
