Mister Car Wash NNN Property For Sale — Mankato, MN
Mankato, MN
Mister Car Wash express car wash in Mankato, MN. Sale-Leaseback offering with 20 years of lease term remaining. Tenant operates about 550 Locations. Rent increases 1.5% annually; renewal options: (4) 5-Year. Reported EBITDAR/rent coverage: 2.5x. Year-end depreciation: some buyers consider car-wash properties when planning year-end depreciation. Eligibility, timing and any tax benefit depend on your own circumstances and current tax law, and are not guaranteed. Please consult a qualified tax professional before relying on any depreciation strategy.
- Address: Mankato, MN
- Asking price $9.50M
- 5.50% cap rate
- NOI $522,500
- 20 years remaining
- NNN lease
- Year built: 2023
- Building size: 6,472 SF
- Lot size: 1.58 acres
- Guarantor: Corporate
- Renewal options: (4) 5-Year
Location
This Mister Car Wash property is in Mankato, Minnesota.
Asset type: Car Wash