594 16th St - Car Washes FOR SALE


Holland, MI 49423- Downtown Holland
$5,593,000 USD
949-431-2735
594 16th St, Holland, MI for Sale
$5,593,000 USD
Car Washes - FOR SALE
1/4
null | 5.65% Cap Rate

594 16th St
Holland, MI 49423
Downtown Holland


HIGHLIGHTS

  • 100% Bonus Depreciation
  • Absolute NNN Lease
  • Rare, 2.00% Annual Increases

OVERVIEW

• Single-Tenant Mister Car Wash: ° Corporately guaranteed lease by the top car wash operator in the U.S. ° Absolute NNN Lease, zero landlord responsibilities ° 20-year initial lease term with four 5-year options ° 2% annual increases during primary term and options • About Mister Car Wash (2025 Financial Report): ° 548 locations with numerous new sites set to open in 2026 - #1 largest operator ° Surpassed $1 Billion in total reported revenue in 2025 - becoming the first express car wash brand in history to break the billion-dollar threshold. ° 2.3 million unlimited wash club members - representing nearly 80% of their total wash sales ° 34 new locations opened from 2024-2025 - About a 7% increase • Leonard Green Backing: ° Institutional Sponsorship: Leonard Green & Partners is a large-cap private equity firm with nearly $100B of assets under management, providing deep capital and strategic resources. ° Proven Long-Term Partner: LGP has been invested in Mister Car Wash since 2014 and has played a key role in scaling the platform into the nation’s largest operator, with plans to significantly expand its national footprint. ° $3.1B Take-Private (Feb 2026): LGP’s agreement to take Mister Car Wash private underscores strong conviction in the long-term growth story. ° Accelerated Growth Strategy: Operating outside of public-market

FOR SALE DETAILS

PRICE

$5,593,000 USD

PRICE/SF

$864 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mister Car Wash - Holland, MI

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

CMU

APN/PARCEL ID

70-16-33-200-105

ASK ABOUT THIS PROPERTY

Austin BlodgettRealSource GroupMore Info
949-431-2735

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

Austin BlodgettRealSource GroupMore Info
949-431-2735

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