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).
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Peter Deltondo
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1377 7800, West Jordan, Utah, 84088
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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