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83 N West State Rd - Mister Car Wash - American Fork, UT

11,725 SF Specialty Building Offered at $5,470,985 at a 6.50% Cap Rate in American Fork, UT 84003

Investment Highlights

  • Absolute Triple Net Lease (Zero Landlord Responsibilities) and Corporate Guarantee From the Largest Car Wash Operator in the Country
  • $927MM in Net Revenue in 2023 From Its Growing Operations and Customer Base
  • Across All Locations in 2023, Mister Car Wash Performed +90MM Washes Contributing to an Adjusted EBITDA of +$286MM
  • Strong Corporate Guarantee From a Publicly Traded Company (NYSE: MCW), Mister Car Wash is the Largest Operator in the Country
  • The Unlimited Wash Club Membership (UWC) Has Grown to 2.1M Nationwide Making Up ~71% Of Mister Car Wash's Total Sales
  • The Subject Property Sits Close to the Exit of Interstate 15, Which Sees North of 197,00 Vehicles Per Day

Executive Summary

Sands Investment Group is Pleased to Present Exclusively For Sale the 11,725 SF Mister Car Wash Located at 83 NW State Road in American Fork, UT. This Deal Includes the Absolute Triple Net Lease (Zero Landlord Responsibilities) and Corporate Guarantee From the Largest Car Wash Operator in the Country That Has Been in Business Since 1969, Providing For a Unique Investment. 

In Cooperation With Sands Investment Group Utah, LLC - Lic. #11325487-CN00 BoR: Tyler Ellinger - Lic. UT #8219031-SA00

Property Facts

Price $5,470,985
Price Per SF $467
Sale Type Investment
Cap Rate 6.50%
Property Type Specialty
Property Subtype Car Wash
Building Class C
Lot Size 1.14 AC
Building Size 11,725 SF
No. Stories 1
Year Built 2006
Tenancy Single
Parking Ratio 0.68/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
46-666-0006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,773,200
  • Listing ID: 32106013

  • Date on Market: 6/12/2024

  • Last Updated:

  • Address: 83 N West State Rd, American Fork, UT 84003

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