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INVESTMENT OPPORTUNITY

SAB Capital is pleased to present Mighty Wash in Lubbock, Texas, a metropolitan area with a population of over 322,000 residents. This is an absolute triple-net (NNN) sale-leaseback opportunity in which the tenant will sign a 20-year lease commencing at closing. The lease also features annual rental escalations of 1.5%. Mighty Wash currently operates 20 locations primarily located in West Texas and the Permian Basin. 

  • Mighty Wash in Lubbock, TX | Metropolitan Area With Over 322,000 Residents
  • Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure
  • Long-Term Sale-Leaseback Opportunity | Tenant Will Commence A New 20-Year Lease At Closing
  • High Credit, Experienced Operator | Mighty Wash Has Grown to 20 Locations Since It’s Founding in 2012
  • Strong Hedge Against Inflation | 1.5% Rent Escalations Annually
  • Signalized Corner Location | 82nd Street & Milwaukee Avenue Intersection Sees Over 28,000 Vehicles Per Day
  • Dense Retail Trade Area | 1.1 Million Square Feet of Retail Within 1 Mile
  • Strong Unit-Level Performance| Reach Out to Broker For Further Details 
  • National Retailers Located Nearby | Chase Bank, Chick-Fil-A, McDonald’s, and Many More

Tenant Price Cap Rate Lease Type Square Feet Status
Mighty Car Wash $5,154,062 5.75% NNN 4,320 Available

Mark Pomella

VICE PRESIDENT | INVESTMENT SALES

Dave Gollenberg

SENIOR ASSOCIATE | INVESTMENT SALES
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