Mighty Wash
https://mistercarwash.com/ | Corporate Guarantee
4
Number on Market
$4.4M
Average Price
19.8
Average Remaining Term (Years)
6.31%
Average Cap Rate
Mighty Wash Tenant Overview
Founded in 2012 by the late Dr. Mike Rice, Mighty Wash now has a total of 20 locations across West Texas and the Permian Basin. Mighty Wash Auto Bath is among the 5 largest conveyor car wash companies in the country. The company is home to over 250 employees. Mighty Wash uses state-of-the-art technology to ensure that every vehicle is thoroughly cleaned and washed efficiently. Its equipment and techniques are gentle on cars, yet effective in removing dirt and grime.
Recent Might Wash openings include locations in Orangeburg, SC, and Cookeville, TN, as of January 2023.
Tenant Data:
| COMPANY | Mighty Wash |
|---|---|
| Guarantor | Corporate Guarantee |
| Ownership | Private |
| Private Equity Partnership | None |
| Headquarters | Lubbock, TX |
| Locations | ± 20 |
| Regions | Texas, New Mexico |
| Website | https://www.mymightywash.com/ |
| Average Mighty Wash Info | |
|---|---|
| Number on Market | 4 |
| Average Price | $4,421,943 |
| Average Remaining Term | 19.8 Years |
| Average Cap Rate | 6.31% |
| Average NOI | $275,694 |
| Average PPSF | $1,000 |
| Average Building SF | 4,720 SF |
| Average Lot Size | 1.25 AC |
| AS OF 7/26/23 | |
Featured Listings:
Available
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$29,681,000
Available
-
$4,555,555
Available
11
11
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$5,877,523,310
Latest Insights:
Test Post 1- Net lease guide
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