Mister Car Wash-15 YR Abs NNN Lse-Low Rent 17112-17122 Main St 6,474 SF 100% Leased Retail Building Hesperia, CA 92345 $4,584,941 CAD ($708.21 CAD/SF) 6% Cap Rate

Faris Lee Investments is pleased to present the unique opportunity to acquire a brand new, corporate-executed absolute NNN ground lease with Mister Car Wash (NYSE: MCW), the largest car wash operator in the United States. With over 500 locations across 22 states and trailing twelve-month revenue exceeding $1 billion as of Q3 2025, the tenant offers established financial strength and brand recognition. This offering features a long-term fifteen (15) year primary lease with 3 (5 year) and 1 (4 Year) options, potentially extending the term to 34 years, providing exceptional long-term stability and security for the investor.
Development standards adopted by the City of Hesperia create a significant advantage by limiting future car wash supply. With new zoning and spacing restrictions designed to prevent market saturation, the City has established high barriers to entry for new competitors. This regulatory environment secures a protected market position for the asset, preserving market share and enhancing long-term value.
An Absolute Triple Net (NNN) Ground Lease structure ensures a completely passive ownership experience, with the tenant directly responsible for all property operations, including roof, structure, parking lot, repairs, maintenance, taxes, utilities, and insurance. Ideally suited for the passive investor or 1031 Exchange buyer, the lease also provides a growing income stream with 10% increases every five years, acting as a hedge against inflation & an increased return on investment. Furthermore, the current annual rent of $200,000 is significantly below the estimated market range of $225,000 to $400,000, creating intrinsic value and potential for future Net Operating Income (NOI) growth.
Situated as a freestanding property on the high-profile retail corridor along Main Street (32,900 VPD), Mister Car Wash is strategically positioned between two high-volume supermarket-anchored centers: Stater Bros. Markets and Vallarta Supermarket creating strong synergy & demand in the immediate trade area. This brand-new construction features the tenant’s latest prototypical layout, designed to increase sales volume while eliminating deferred maintenance. Hesperia serves as a vital hub along the highly trafficked Interstate 15 corridor connecting Coastal Southern California to Nevada, and the immediate trade area benefits from consistent daily needs traffic generated by the surrounding grocery anchors.