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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

Mark Pomella

VICE PRESIDENT | INVESTMENT SALES

Dave Gollenberg

SENIOR ASSOCIATE | INVESTMENT SALES
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