Odessa, TX 79764

Mighty Wash Car Wash

Property Address

3005 Kermit Highway, Odessa, TX, USA

Offering Summary

  • Price: $5,096,000
  • Lot Size: 1.36 Acres
  • Cap Rate: 6.50%
  • Year Built: 2013
  • Building SF: 4,536
  • 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
  • 121,163 Residents within a Five-Mile Radius, with Population Projected to Increase More Than 5% by 2027
  • Retail Corridor Location Surrounded by National Tenants: Planet Fitness, Dollar General, McDonald’s, Walgreens, and More
  • Easily Accessible Location with Multiple Points of Ingress/Egress via Kermit Highway (6,700 Cars per Day), N County Road W (15,500 Cars per Day), and W University Boulevard (23,250 Cars per Day)
  • Less Than One Mile Down the Road from Odessa College (8,000+ Students Enrolled)
  • Average Household Income Exceeds $77,000 within a Five-Mile Radius

Broker Information