Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mister Car Wash Investment Opportunity Title is generated by Realmo AI

    7699 Hwy 65 NE, Fridley, MN 55432

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Single-tenant Mister Car Wash with long-term NNN lease.

    Type:Special Purpose
    Property size:
    5,462 SF
    Price / SF:
    $754/SF
    Added:
    Jan 23, 2026
    Days on Market:
    110
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 7699 Hwy 65 NE

    General Information

    Standard status
    Active
    Size
    5,462 SF
    Property subtype
    Special Purpose

    Building Details

    Year Built
    2017

    We can help!

    Listing Contact
    Austin Blodgett

    Listing agent Austin Blodgett License #CA 01958151

    Listing office Realsource Group

    Listing date Jan 23, 2026

    Source Crexi

    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 Realsource Group

    HighLights

    • Corporately guaranteed lease by Mister Car Wash, the top car wash operator in the U.S.
    • Absolute NNN Lease with zero landlord responsibilities.
    • 17 years remaining on initial 20‑year lease term.
    • 1.75% annual increases during the primary term and options.
    • Mister Car Wash is a publicly traded company (NASDAQ: MCW).
    • Built in 2017.

    Overview

    This property presents an opportunity to acquire a single-tenant Mister Car Wash location. The lease is corporately guaranteed by a leading car wash operator in the U.S. The property is subject to an absolute NNN lease, meaning zero landlord responsibilities. The initial 20-year lease term has 17 years remaining. The lease includes 1.75% annual increases during the primary term and option periods. Mister Car Wash operates 522 locations and reported $995 million in total revenue for 2024. The company has 2.2 million unlimited wash club members and opened 5 new greenfield locations in Q3 2025. Mister Car Wash is a publicly traded company (NASDAQ: MCW). The property is located in Fridley, MN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Car washes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fridley
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2425333
    Latitude
    45.1074669

    Nearby Similar for Sale

    • $13,900,000
      32,178 SF

      Refrigerated Truck Terminal Turnkey Operation

      Fridley cross-dock refrigerated warehouse with equipment, assets, and real estate.
      8201 Hickory Street NE, Fridley, MN 55432
      View Details
    • $795,000

      Fridley Multifamily Investment Opportunity

      Well-maintained 7-unit apartment building in high-demand Fridley location.
      5035 3rd Street NE, Fridley, MN 55421
      View Details
    • $1,600,000
      3,284 SF

      Remodeled Restaurant with Drive-Thru

      Turnkey restaurant with drive-thru, patio, and highway visibility.
      7601 Highway 65 NE, Fridley, MN
      View Details
    • $700,000
      6,256 SF

      Fridley Warehouse Opportunity

      Warehouse in Fridley, Minnesota, near major highways and Mississippi River.
      160 Ely St NE, Fridley, MN
      View Details
    • $314,900
      2,188 SF

      Renovated Office Space For Rent

      Office space for rent, renovated in 2022, convenient location.
      6240 Highway 65 Northeast, Fridley, MN
      View Details
    • $1,300,000
      1,064 SF

      Fridley Automotive Shop For Sale

      Automotive shop with lot capacity for 85-90 vehicles.
      5649 University NE, Fridley, MN
      View Details
    • $2,500,000
      25,494 SF

      Medical/Professional Space Near Hospital

      Medical/professional space near Mercy Hospital, opportunity to occupy entire building.
      8290 NE University Ave, Fridley, MN
      View Details
    • $500,000
      2,900 SF

      Fridley Office Building For Sale

      Two-story office building with separate entrances in Fridley, Minnesota.
      1299 Mississippi St NE, Fridley, MN
      View Details
    • Contact for pricing
      585,225 SF

      Fridley Industrial Facility with Rail

      585,225 SF infill industrial facility with heavy power.
      4800 E River NE Rd, Fridley, MN
      View Details
    • Contact for pricing
      5,000 SF

      Prime Retail Outlot Opportunity

      Outlot for lease or build-to-suit in high-traffic location.
      University Service Rd NE & 83rd Ave NE, Fridley, MN
      View Details

    FAQs

    What type of property is this?
    Car wash - Single-tenant Mister Car Wash with long-term NNN lease.
    Where is this car wash located?
    The property is located at 7699 Hwy 65 NE Fridley, MN.
    What is the asking price?
    The asking price for this property is $4,122,000.
    What are key features of this property?
    This property features: Corporately guaranteed lease by Mister Car Wash, the top car wash operator in the U.S.; Absolute NNN Lease with zero landlord responsibilities.; **17 years remaining on initial 20‑year lease term.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Austin Blodgett
    Real Estate License ID: CA 01958151
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7699 Hwy 65 NE, Fridley, MN 55432
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!