Mister Car Wash
5440 E University Ave, Pleasant Hill, IA 50327
For Sale
Contact for pricing
The absolute NNN lease places no landlord responsibilities on the property owner and provides scheduled annual increases.
Property SizeContact for details
Days on Market12
Property Features for 5440 E University Ave
General Information
Standard status
Property subtype
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Additional Details
Automotive Uses
Building Details
Tenancy
Listing Agency:
ParaSell Inc
Listed By:
Scott Reid · License #CQ1059597
(949) 942-6585
Source:
Crexi
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 5:37PM
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 ParaSell Inc
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Investment Insights
Based on property information with market context.
This single-tenant car wash is offered through a sale-leaseback with Mister Car Wash. The lease is absolute NNN, with no landlord responsibilities, and carries a corporate guarantee from the operator. Its initial term is 20 years, followed by four 5-year renewal options. Annual increases of 1.5% apply during both the initial term and option periods.
The property is located at 5440 E University Ave in Pleasant Hill, Iowa, within the Des Moines MSA. The offering combines an operating car wash property with a long-term lease to Mister Car Wash.
The property is located at 5440 E University Ave in Pleasant Hill, Iowa, within the Des Moines MSA. The offering combines an operating car wash property with a long-term lease to Mister Car Wash.
Key Highlights
- Absolute NNN lease with no landlord responsibilities
- 20‑year initial term and four 5‑year options
- 1.5% annual increases during the initial term and option periods
Property Analytics
Who owns this building?
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
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Business Placement
Demographics for 50327, IA
11,807
Population
5,077
Households
2.3
Avg Household Size
41
Median Age
32%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
747
Density / Sq Mi
$90,759
Median Household Income
$46,177
Median Earnings
$1,219
Median Rent
$303,000
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Car wash - The absolute NNN lease places no landlord responsibilities on the property owner and provides scheduled annual increases.
Where is this car wash located?
The property is located at 5440 E University Ave Pleasant Hill, IA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Absolute NNN lease with no landlord responsibilities; 20‑year initial term and four 5‑year options; 1.5% annual increases during the initial term and option periods
