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594 16th St - NEW PRICE: Mister Car Wash Sale Leaseback

6,472 SF Specialty Building Offered at $4,720,000 at a 6.35% Cap Rate in Holland, MI 49423

Car Washes Michigan Holland 594 16th St, Holland, MI 49423

Investment Highlights

  • NYSE: MCW
  • Qualifies for Bonus Depreciation
  • 20-Year 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 with zero landlord responsibilities
° 20-year initial lease term with four 5-year options
° 1.50% annual increases during primary term and options

Attachments

ST Mister Car Wash - Holland, MI - OM

Property Facts

Price $4,720,000 Property Subtype Car Wash
Price Per SF $729 Lot Size 2.00 AC
Sale Type Investment Building Size 6,472 SF
Cap Rate 6.35% No. Stories 1
Sale Conditions Sale Leaseback Year Built 2022
Property Type Specialty
Price $4,720,000
Price Per SF $729
Sale Type Investment
Cap Rate 6.35%
Sale Conditions Sale Leaseback
Property Type Specialty
Property Subtype Car Wash
Lot Size 2.00 AC
Building Size 6,472 SF
No. Stories 1
Year Built 2022

Links

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PROPERTY TAXES

Parcel Number 70-16-33-200-105 Improvements Assessment $0
Land Assessment $0 Total Assessment $1,266,000

PROPERTY TAXES

Parcel Number
70-16-33-200-105
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,266,000
(949) 431-2735

Contacts

  • Austin Blodgett
    Austin Blodgett
  • Jonathan Schiffer
    Jonathan Schiffer
  • Scott Reid
    Scott Reid

  • Listing ID: 31050283

  • Date on Market: 2/26/2024

  • Last Updated:

  • Address: 594 16th St, Holland, MI 49423

More public record information on 594 16th St, Holland, MI 49423

The Specialty Property at 594 16th St, Holland, MI 49423 is currently available for sale. Contact RealSource Group for more information.

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594 16th St - NEW PRICE: Mister Car Wash Sale Leaseback
(949) 431-2735 x

594 16th St - NEW PRICE: Mister Car Wash Sale Leaseback

1/3

Austin Blodgett

(949) 431-2735

(949) 431-2735

Jonathan Schiffer

(949) 688-1280

(949) 688-1280

Scott Reid

(949) 942-6585

(949) 942-6585

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