INVESTMENT OPPORTUNITY
SAB Capital is pleased to present Mighty Wash in Big Spring, TX. 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 Big Spring, TX | 95 Miles South of Lubbock
- 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
- Service Oriented Tenant | Protected Against Threat of E-Commerce to Brick and Mortar Retail
- Strong Unit-Level Performance| Reach Out to Broker For Further Details
- National Retailers Located Nearby | Whataburger, CVS Pharmacy, Sonic Drive-In, and Many More
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| Mighty Car Wash | $3,699,466 | 7.25% | NNN | 3,414 | Available |
