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Photography available after free registration below
Virtual Drive-By

Mister Car Wash Absolute NNN

1503 Main St SW · Los Lunas, NM 87031 · Convenience / Fuel

Asking price
$5,359,858
Cap rate
5.65%
NOI
$302,832

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN
Term remaining18.4 yrs
Expiration12/2044
Rent bumps1.75% Per Annum, Compounded Annually
Options
Ground leaseNo
Credit profile
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF5,436
Price / SF$986
Year built2023
Lot size1.07 ac
TypeCar Wash
Days on market34

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Absolute NNN Lease - Zero Landlord Responsibilities
  • ​20-Year Initial Term + Four (4) 5-Year Renewal Options (~38+ Years Total)
  • ​1.75% Annual Escalations - Compounded Annually
  • ​Mister Carwash taken private by Leonard Green & Partners in May 2026

Property overview

Annual Rent Increases | Built in 2023

Sale Price: $5,359,858

CAP: 5.65%

NOI: $302,832

Rent Increases: 1.75% Per Annum

Net Rentable: 5,436 SF

Lot Size: 1.07 AC

APN: 1 008 039 364 070

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

Register to view photography and request the offering memorandum

Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.

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Asking-market observation aggregated from public listing sources, last observed Sep 4, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.