1377 7800th S West Jordan, UT 84088-4101
- Car washes
- 4,390 SF
- 0.93 lot acres
Oct 08, 2020
Current Use by Public Records
- Car washes
Property Details for 1377 7800th S
- Year built
- 2008
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.93 lot acres
- Property size
- 4,390 SF
- Zone code
- CM
- Property type
- Car washes
- APN
- 21-34-227-001
- APU
- 2134227001
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Jordan
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.931
- Latitude
- 40.6092
- CBSA code
- 41620
- CBSA name
- SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
