594 16th St - Mister Car Wash Immeuble de 6 472 pi² • Spécialité • À vendre 7 677 441 $ CAD • Taux de capitalisation 5,50% • Holland, MI 49423

Offered at $5,633,000 with a 5.5% cap rate, this newly constructed Mister Car Wash property presents a rare opportunity to acquire a long-term, absolute NNN asset in Holland, Michigan. Built in 2024 on a ±2-acre parcel, the 6,400-square-foot single-story facility is strategically positioned as an outparcel to Menards with exceptional visibility from US-196, which sees over 34,000 vehicles per day.
The property is secured by a 19-year lease to Mister Car Wash, the largest car wash operator in North America and a publicly traded company (NASDAQ: MCW) with over 500 locations nationwide. The lease includes 2% annual rent escalations, ensuring consistent income growth and a hedge against inflation. Current annual rent is $309,825, increasing steadily through 2044.