1541 Madison Ave - Car Washes FOR SALE


Mankato, MN 56001- East Mankato
$5,350,000 USD
949-431-2735
1541 Madison Ave, Mankato, MN for Sale
$5,350,000 USD
Car Washes - FOR SALE
1/2
null | 5.85% Cap Rate

1541 Madison Ave
Mankato, MN 56001
East Mankato


HIGHLIGHTS

  • 100% Bonus Depreciation
  • Newly Constructed Location
  • Excellent Sales Performance Location

OVERVIEW

• 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: ° 522 locations with numerous new sites set to open in 2025 ° $995 million in total revenue reported for 2024 ° 202 million Unlimited Wash Club members ° 39 new sites opened in 2024, a record for Mister Car Wash ° Publicly traded company (NASDAQ: MCW)

FOR SALE DETAILS

PRICE

$5,350,000 USD

PRICE/SF

$5,350 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mister Car Wash - Mankato, MN

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

-

APN/PARCEL ID

R01.09.16.101.018

ASK ABOUT THIS PROPERTY

Austin BlodgettRealSource GroupMore Info
949-431-2735

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Austin BlodgettRealSource GroupMore Info
949-431-2735

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.