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Listing Details

Address: 3115, U.S. 98, Lakeland, Florida, 33803

Price: $4,400,000

Cap Rate: 6.25%

Tenancy: Single Tenant

Status: Available

Listing Team

Austin Blodgett, Senior Vice President


Jonathan Schiffer, Associate


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

  • Single Tenant Mister Car Wash:

    ∘ Corporately guaranteed lease by the largest car wash operator in the U.S.

    ∘ Absolute NNN Lease, zero landlord responsibilities

    ∘ 1.5% annual increases during primary term and options

  • About Mister Car Wash:

    ∘ 485 locations with numerous new sites set to open in 2024

    ∘ $927 million in total revenue reported for 2023

    ∘ 2.1 million Unlimited Wash Club members, 10.3% increase

    ∘ 41 new sites opened in 2023, 35 of which are greenfield locations and 6 acquired

    ∘ Publicly traded company (NYSE: MCW)