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 | $5,169,231 | 6.50% | NNN | 4,320 | Available |
