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Listing Details


Address: 160, West Layton Avenue, Milwaukee, Wisconsin, 53207

Price: $3,360,000

Cap Rate: 6.25%

Tenancy: Single Tenant

Status: Available

Listing Team


Austin Blodgett, Senior Vice President

949.431.2735

ab@realsource.com


Jonathan Schiffer, Associate

949.688.1280

js@realsource.com

Make An Offer

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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)