Lubbock, TX 79424

Mighty Wash Car Wash

Property Address

6506 82nd Street, Lubbock, TX, USA

Offering Summary

  • Price: $5,221,000
  • Lot Size: 1.35 Acres
  • Cap Rate: 6.50%
  • Year Built: 2011
  • Building SF: 4,320
  • Status: Available
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  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Annual Rent Increases
  • Corporate Guaranty by Mighty Wash, with 20 Locations and Counting Throughout Texas and New Mexico
  • 150,484 Residents within a Five-Mile Radius - Dense Lubbock Infill
  • Rapidly Growing Trade Area with Households and Population Projected to Increase More Than 20% in the Immediate Area by 2027
  • Located Across from Walmart, Surrounded by National Retailers: Walgreens, McDonald’s, Chick-fil-A, Discount Tire, and More
  • Signalized Hard Corner Location, Visible to 46,800+ Cars per Day
  • Average Household Income Exceeds $121,000 within a One-Mile Radius

Broker Information