2251 Badger Dr, Hudson, WI 54016
5,381 SF Specialty Building Offered at $4,720,000 at a 6.35% Cap Rate in Hudson, WI 54016
For Sale
Active
3 pictures
Asking Price $4,720,000
- Property Type
-
Specialty
- Square Feet
- 5,381 SF
- Price / Square Foot
- $877
Listing Contacts
Austin Blodgett
Jonathan Schiffer
Scott Reid
- Property Info
Property Overview
• Single-Tenant Mister Car Wash Sale-Leaseback:
° Corporately guaranteed lease by the largest car wash operator in the U.S.
° Absolute NNN lease with zero landlord responsibilities
° 20-year initial lease term with four 5-year options
° 1.50% annual increases during primary term and options
• About Mister Car Wash:
° 485 locations with numerous new sites set to open in 2024
° $927 million in total revenue reported for 2023
° 2.1 million Unlimited Wash Club members, a 10.3% increase
° 41 new sites opened in 2023, 35 of which are greenfield locations and 6 acquired
° Publicly traded company (NYSE: MCW)
• Brand New, 2022 Construction: Mister’s latest
° Corporately guaranteed lease by the largest car wash operator in the U.S.
° Absolute NNN lease with zero landlord responsibilities
° 20-year initial lease term with four 5-year options
° 1.50% annual increases during primary term and options
• About Mister Car Wash:
° 485 locations with numerous new sites set to open in 2024
° $927 million in total revenue reported for 2023
° 2.1 million Unlimited Wash Club members, a 10.3% increase
° 41 new sites opened in 2023, 35 of which are greenfield locations and 6 acquired
° Publicly traded company (NYSE: MCW)
• Brand New, 2022 Construction: Mister’s latest
Property Details
- Class
- C
- Year Built
- 2022
- Stories
- 1
- Property Subtype
- Car Wash
- Lot Size (sq. ft)
- 47,916 SF
Highlights
- NYSE: MCW
- 20-Year Absolute NNN Lease
- Qualifies for Bonus Depreciation
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