Mister Car Wash – Turlock, CA

Tenancy: Mister Car Wash
Building Size: 9,517 SF
Renewal Options: Four 5-Year
Lease Expiration: 20 Years from COE
Rental Increases: Annual

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)

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

Extremely High Sales Volume Location

∘ Affluent Demographics: $90,000 avg. household income within a 3-mi radius

High Traffic Location with Excellent Access: Ideally located off of Geer Road and Hawkeye Avenue (32,000+ cars per day)

No Direct Competition within a 3-mi Radius