For Sale
$2,957,000

1377 7800West Jordan, UT 84088

High-ROI Car Wash, Long Lease Term

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 4,390 square foot car wash in West Jordan, Utah, leased to Mister Car Wash (NYSE: MCW), the nation's #1 car wash operator. Boasting a 15.9-year remaining lease term (expiring 09/30/2040) with 1.5% annual rent bumps, this property offers significant long-term stability and predictable income. The absolute NNN lease structure ensures minimal landlord responsibilities, while the corporate guarantee provides exceptional security. Located at 1377 W 7800 S, West Jordan, UT 84088, this strategically positioned property benefits from high visibility (281 feet of frontage on a road with 36,000+ vehicles daily) and favorable demographics (381,985 residents within a 5-mile radius, with an average household income of $100,224). The property sits near major employers, including Overstock.com headquarters and five apartment complexes, totaling 1,578 units. Built in 2008 and renovated in 2014, the 40,511 square foot lot offers ample space. The current NOI is $206,966, resulting in a 7.00% cap rate and a price per square foot of $673.58. The asking price is $2,957,000, representing a compelling price per unit. Four, five-year lease options further enhance the investment's longevity. The property is eligible for bonus depreciation, offering significant tax advantages.

Highlights

  • Absolute NNN Lease: 16 years remaining with 1.5% annual rent increases, including four 5-year options.
  • Strong Corporate Guarantee: Leased to Mister Car Wash (NYSE: MCW), a leading car wash operator with over 476 US locations.
  • High Visibility & Accessibility: 281 feet of frontage on West 7800 South (36,000+ vehicles daily).
  • Dense, Affluent Location: 381,985 residents within a 5-mile radius, daytime population exceeding 412,000, average household income $100,224.
  • Strategic Location: Near five apartment complexes (1,578 units) and Overstock.com headquarters (1,500+ employees).
  • Bonus Depreciation Eligible: Significant tax savings opportunity (consult your accountant).

Property Details for 1377 7800

Property type
Specialty properties, Car washes
Square Feet
4,390 SF
Year Built/Renovated
2008/2014
Units
1

Location Insight

City
West Jordan
County
Salt Lake
State
Utah
Latitude
40.609507805437
Longitude
-111.93127579139
1377 7800, West Jordan, Utah

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1377 7800
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