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1541 Madison Ave Mankato, MN 56001

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Net leased Mister Car Wash in Mankato's primary retail corridor.

Property Features for 1541 Madison Ave

General Information

Standard status
Active

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Listing Contact
Sean Doyle
Source: Cbre

Listing Agent: Sean Doyle

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Mister Car Wash Investment Opportunity

This property in Mankato, MN, is a recently developed, absolute net leased asset. It is ground leased to Mister Car Wash, a publicly traded company (NASDAQ: MCW) with a market capitalization of $2.26B and over 500 locations, making it the largest car wash operator in North America. The lease has 13.5 years of term remaining and is corporately guaranteed. The property is located in the center of a dense retail corridor on Madison Avenue, which features numerous national retailers including Sam’s Club, Walmart, Target, and Aldi. Mankato is the county seat of Blue Earth County and home to Minnesota State University, the second largest university in the State of Minnesota, with an enrollment exceeding 15,000 students. Mankato is located in south-central Minnesota, approximately 80 miles southwest of the Twin Cities. The city serves as a regional hub for commerce, education, and healthcare. There are no direct national competitors in the trade area.
Location Intelligence

Current Use by Public Records

Mister Car Wash Car Wash

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Mankato
County
Nicollet
State
Minnesota
Longitude
-93.968708
Latitude
44.166407

FAQs

What type of property is this?
Car wash - Net leased Mister Car Wash in Mankato's primary retail corridor.
Where is this car wash located?
The property is located at 1541 Madison Ave Mankato, MN.
What are key features of this property?
This property features: - Corporate guarantee from Mister Car Wash (NASDAQ: MCW), the largest car wash operator in North America; - Absolute net leased asset with 13.5 years of lease term remaining, offering a truly hands-off investment; - Located in the heart of the primary retail corridor on Madison Avenue in Mankato, a high-traffic area
More about this property
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