Property summary
This exceptional investment opportunity presents a 4,390 square foot car wash in West Jordan, Utah, leased to Mister Car Wash (NYSE: MCW), the nation's #1 car wash operator. Boasting a 15.9-year remaining lease term (expiring 09/30/2040) with 1.5% annual rent bumps, this property offers significant long-term stability and predictable income. The absolute NNN lease structure ensures minimal landlord responsibilities, while the corporate guarantee provides exceptional security. Located at 1377 W 7800 S, West Jordan, UT 84088, this strategically positioned property benefits from high visibility (281 feet of frontage on a road with 36,000+ vehicles daily) and favorable demographics (381,985 residents within a 5-mile radius, with an average household income of $100,224). The property sits near major employers, including Overstock.com headquarters and five apartment complexes, totaling 1,578 units. Built in 2008 and renovated in 2014, the 40,511 square foot lot offers ample space. The current NOI is $206,966, resulting in a 7.00% cap rate and a price per square foot of $673.58. The asking price is $2,957,000, representing a compelling price per unit. Four, five-year lease options further enhance the investment's longevity. The property is eligible for bonus depreciation, offering significant tax advantages.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CM · West Jordan, UTZoning
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Zoning designation
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The district profile from the municipal source: what is on file for CM in West Jordan, UT.
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