Mister Car Wash – Leesburg, FL

Tenancy: Mister Car Wash
Building Size: 5,381 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

∘ Brand new, 2022 construction

• No Direct Competition: Within a 3-mile 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)