13620 Horizon Blvd - Mister Car Wash
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13620 Horizon Blvd - Mister Car Wash
6,523 SF Specialty Building Offered at $4,530,000 at a 6.50% Cap Rate in Horizon City, TX 79928
Investment Highlights
- Single-Tenant Mister Car Wash Sale-Leaseback
Executive Summary
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:
° 500 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)
• Brand New, 2023 Construction: Mister’s Latest Prototype
° 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:
° 500 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)
• Brand New, 2023 Construction: Mister’s Latest Prototype
Property Facts Under Contract
| Price | $4,530,000 | Property Subtype | Car Wash |
| Price Per SF | $694 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.12 AC |
| Cap Rate | 6.50% | Building Size | 6,523 SF |
| Sale Conditions | Sale Leaseback | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Price | $4,530,000 |
| Price Per SF | $694 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Sale Conditions | Sale Leaseback |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.12 AC |
| Building Size | 6,523 SF |
| No. Stories | 1 |
| Year Built | 2023 |
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PROPERTY TAXES
| Parcel Number | H772-000-0010-0150 | Improvements Assessment | $0 |
| Land Assessment | $344,745 | Total Assessment | $344,745 |
PROPERTY TAXES
Parcel Number
H772-000-0010-0150
Land Assessment
$344,745
Improvements Assessment
$0
Total Assessment
$344,745
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13620 Horizon Blvd - Mister Car Wash
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