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Property ID: 31819

Mister Car Wash


City: Nampa

State: ID

Date Added 11/01/2023 Date Updated 08/27/2024

FINANCIAL PROFILE

  • Price $2,734,966
  • NOI $143,586
  • Cap Rate 5.25%
  • Price PSF N/A
  • Rent PSF N/A

PROPERTY OVERVIEW

  • Type of Ownership N/A
  • Year Built 0000
  • Year Remodeled N/A
  • Gross Leasable Area (GLA) null
  • Building Size (SFT)
  • Lot AC N/A
  • Tenancy

LEASE ABSTRACT

  • Lease Type NNN
  • Years Remaining 14
  • Guarantor
  • Initial Term Increases N/A
  • Initial Term Lease Begin 01/01/1970
  • Initial Term Lease Expiration 01/01/1970
  • Renewal Options N/A
  • Option Increases N/A
  • Rent Holidays N/A

DEMOGRAPHICS

Population

1-Mile 3-Mile 5-Mile
2998 43432 131396

Average Household Income

1-Mile 3-Mile 5-Mile
$64,759 $67,642 $72,518

VEHICLES PER DAY

30000

COMPANY

The first Mister Car Wash store opened in 1969 in Houston, Texas. In 1996, Mister Car Wash was incorporated as a firm that intended to develop quickly by acquiring other car wash locations across the country. This expansion started with the acquisition of 3 car washes in Boise, Idaho in 1997. In 1998, Mister Car Wash of Houston was acquired by Car Wash Partners, adding 11 car washes and 6 lube stores to their portfolio. The quick expansion continued into the late 90's and early 2000's as Mister Car Wash acquired 10 car washes in Minnesota, Texas and Iowa after appointing Ron Peterson as CEO. During the early 2000s, the company acquired additional locations in Idaho, Washington and Minnesota. In 2003, the company launched its Unlimited Wash Club; a loyalty program that allows members to enjoy as many car washes as they wish at any of the Mister Car Wash locations. In 2007, Mister Car Wash was acquired by ONCAP; a private equity firm, which helped add 21 locations in the span of a few months, making Mister Car Wash the second largest car wash chain in the United States. Expanding quickly, Mister Car Wash acquired a record-breaking 51 locations and became the largest car wash chain in the United States. In 2013, Mister Car Wash acquired an additional 13 locations and current CEO John Lai was appointed to his position. Leonard Green & Partners L.P. acquired Mister in 2014, and the company moved its headquarters to downtown Tucson, Arizona where it continued to expand operations. In 2016, the company purchased additional office space in Tucson to expand its headquarters after acquiring an additional 46 locations. As of 2018, Mister Car Wash operates over 260 locations across 21 states.

LOCATION

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