Triple Net Mister Car
83 West State Street American Fork, UT 84003
New
83 West State Street, American Fork, UT, 84003
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For Sale
Contact for pricing
11,725 SF Mister Car Wash offered with an absolute NNN lease and corporate guaranty.
Property Size11,725 SF
Price / SF$426.70
Days on Market6
Property Features for 83 West State Street
General Information
- Standard status
- Active
- Size
- 11,725 SF
- Property subtype
- Retail
Listing agency
Sands Investment Group Austin
Listed by
Tyler Ellinger · License #UT 8219031-SA00
Source
Crexi
Added: Jul 16 Updated: Jul 21 at 1:36PM Checked: Jul 21 at 1:36PM
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 Sands Investment Group Austin
Investment Insights
Based on property information with market context.
Sands Investment Group is pleased to exclusively offer for sale the 11,725 SF Mister Car Wash. The property is leased under an Absolute Triple Net (NNN) structure with zero landlord responsibilities, and the lease is supported by a corporate guaranty from the largest car wash operator in the country. The operator has been in business since 1969.
The asset is located at 83 West State Street in American Fork, Utah.
This offering is presented as a straightforward, single-tenant NNN investment with the lease terms supported by both the absolute NNN framework and the corporate guaranty.
The asset is located at 83 West State Street in American Fork, Utah.
This offering is presented as a straightforward, single-tenant NNN investment with the lease terms supported by both the absolute NNN framework and the corporate guaranty.
Key Highlights
- 11,725 SF Mister Car Wash at 83 NW State Road in American Fork, UT
- Absolute triple net (NNN) lease with zero landlord responsibilities
- Corporate guaranty from the largest car wash operator in the country
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $292.7k | $24.96 |
| − Vacancy | −$12.3k | −$1.05 |
| EGI | $280.4k | $23.91 |
| − OpEx | −$70.1k | −$5.98 |
| NOI | $210.3k | $17.93 |
11,725 SF · lease $24.96/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.00M
$2.63M – $3.50M
NOI $210,273 @ 7.0% cap · market cap 4.20%
Second Best
Retail
$2.80M
$2.45M – $3.27M
NOI $196,255 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,246 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Car washes
Similar For Sale Nearby
FAQs
What type of property is this?
Car wash - 11,725 SF Mister Car Wash offered with an absolute NNN lease and corporate guaranty.
Where is this car wash located?
The property is located at 83 West State Street American Fork, UT.
What is the asking price?
The asking price for this property is $5,003,035.
What are key features of this property?
This property features: 11,725 SF Mister Car Wash at 83 NW State Road in American Fork, UT; Absolute triple net (NNN) lease with zero landlord responsibilities; Corporate guaranty from the largest car wash operator in the country
