INVESTMENT OPPORTUNITY
SAB Capital is pleased to present Mighty Wash in Odessa, TX, a metropolitan area with over 165,000 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 Odessa, TX | Metropolitan Area With Over 165,000 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
- Rapidly Growing Local Population | 5-Mile Population Rose by 21% Since 2010, Projected 14% Growth Through 2027
- Dense Retail Trade Area | Over 896,000 Square Feet of Retail Within 1 Mile
- Strong Unit-Level Performance| Reach Out to Broker For Further Details
- National Retailers Located Nearby | Advance Auto Parts, Trust Bank, McDonald’s, and Many More
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
Mighty Car Wash | $5,573,604 | 6.00% | NNN | 4,536 | Available |