Single-Tenant Car Wash
1503 Main Street Northwest Los Lunas, NM 87031
For Sale
$5,359,858
Absolute NNN leased car wash with a 20-year initial term and four 5-year renewals plus 1.75% annual escalations.
Days on Market30
Property Features for 1503 Main Street Northwest
General Information
- Standard status
- Active
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing Agency:
Capacity Commercial Group
(503) 222-2655
Listed By:
Nicholas Diamond · License #OR #200403266
Source:
Corfac
Added: Jun 24
Changed: Jul 23
Last Checked: Jul 23 at 2:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capacity Commercial Group
Investment Insights
Based on property information with market context.
This single-tenant NNN car wash investment is offered as an absolute NNN lease, meaning the landlord has zero responsibilities. The lease includes a 20-year initial term with four (4) additional 5-year renewal options, for an estimated total lease duration of approximately 38+ years.
The lease structure provides 1.75% annual escalations that compound annually. Mister Carwash is the named operator under the lease.
The property is located at 1503 Main Street Northwest in Los Lunas, New Mexico (87031). Public remarks also note that Mister Carwash was taken private by Leonard Green & Partners in May 2026.
The lease structure provides 1.75% annual escalations that compound annually. Mister Carwash is the named operator under the lease.
The property is located at 1503 Main Street Northwest in Los Lunas, New Mexico (87031). Public remarks also note that Mister Carwash was taken private by Leonard Green & Partners in May 2026.
Key Highlights
- Single‑tenant absolute NNN leased car wash investment in Los Lunas, NM
- Absolute NNN lease with zero landlord responsibilities
- 20‑year initial lease term plus four 5‑year renewal options (~38+ years total)
Property Analytics
Location Intelligence
Current Use by Public Records
Mister Car Wash
Car Wash
Mister Car Was
Car Wash
FAQs
What type of property is this?
Car wash - Absolute NNN leased car wash with a 20-year initial term and four 5-year renewals plus 1.75% annual escalations.
Where is this car wash located?
The property is located at 1503 Main Street Northwest Los Lunas, NM.
What is the asking price?
The asking price for this property is $5,359,858.
What are key features of this property?
This property features: Single‑tenant absolute NNN leased car wash investment in Los Lunas, NM; Absolute NNN lease with zero landlord responsibilities; 20‑year initial lease term plus four 5‑year renewal options (~38+ years total)
