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

Asking Price $4,720,000

Property Type
Specialty
Square Feet
5,381 SF
Price / Square Foot
$877

Listing Contacts

Austin Blodgett
Austin Blodgett
Jonathan Schiffer
Jonathan Schiffer
Scott Reid
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

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

FAQ

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