Mister Car Wash – Lubbock, TX

Mister Car Wash
7027 Quaker Ave, Lubbock, TX 79424, USA

Sands Investment Group is pleased to exclusively offer for sale the 8,110 SF Mister Car Wash Asset Absolute NNN Ground lease located at 7027 Quaker Avenue in Lubbock, TX. This offering features a corporate-guaranteed Mister Car Wash Ground Lease with an Absolute Triple Net (NNN) structure, providing a passive investment opportunity with minimal landlord responsibilities. The tenant is responsible for taxes, insurance, utilities, maintenance, repairs, and replacements under a long-term ground lease with Mister Car Wash / Car Wash Headquarters.

  • Absolute NNN Ground Lease & Corporate Mister Car Wash Tenancy: The property is leased to Mister Car Wash, under an Absolute Triple Net Ground Lease structure, with the tenant responsible for all taxes, insurance, utilities, maintenance, and capital expenditures.
  • Rare Low-Basis Entry Point: Listed at $2,850,000, this offering provides an exceptional opportunity to acquire a corporate NNN car wash asset at approximately $350/SF on the building.
  • Dominant Southwest Lubbock Retail Corridor: The asset sits at Quaker Avenue & 82nd Street — one of Lubbock’s highest-traffic intersections, shadow-anchored by a Walmart Supercenter and TJ Maxx, with additional national credit tenants in the nearby area, including Sprouts, Chipotle, Chick-fil-A, Academy Sports, Starbucks, and Panda Express. This is one of the strongest retail nodes in West Texas.
  • Mark-to-Market Upside PotentialThe combination of a below-market land basis, corporate credit tenancy, preserved renewal options, and scheduled rent bumps positions this asset as one of the most attractively priced Mister Car Wash opportunities to come to market since 2021, offering both current yield and future value-add optionality.

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481

Mister Car Wash
7027 Quaker Ave, Lubbock, TX 79424, USA

Mister Car Wash

Headquartered in Tucson, Arizona, Mister Car Wash, Inc. (NYSE: MCW) operates over 550 locations and has North America’s largest car wash subscription program. With a passionate team of professionals, advanced technology, and a commitment to exceptional customer experiences, Mister Car Wash is dedicated to providing a clean, shiny, and dry vehicle every time. The Mister brand is deeply rooted in delivering quality service, fostering friendliness, and demonstrating a genuine commitment to the communities it serves while prioritizing responsible environmental practices and resource management.

Price

$2,850,000

Cap Rate

6.79%

PREMISES

8,110 SF

YEAR BUILT

1989

RENEWAL OPTIONS

2 x 5 Year Options

Lease Expiration

09/07/2029

Lease Type

Absolute NNN Ground Lease

RENTAL INCREASES

10% Increase at Each Extension

BROKERS

Elan Sieder
Los Angeles

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