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Listing Details


Address: 350, North Eastgate Avenue, Springfield, Missouri, 65802

Price: $5,660,000

Cap Rate: 6.35%

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 Sale-Leaseback:

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

Absolute NNN Lease, zero landlord responsibilities

20-year initial lease term with four 5-year options

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)