1377 7800West Jordan, UT 84088

Property Details for 1377 7800

Year built

2008

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.93 AC

Property size (Sq ft)

4,390 SF

Zone code

CM

Property type

Retail properties

Property subtype

Other car washes

APN

21-34-227-001

APU

2134227001

Description

This exceptional investment opportunity presents a 4,390 square foot car wash in West Jordan, Utah, leased to Mister Car Wash (NYSE: MCW), the nation's #1 car wash operator. Boasting a 15.9-year remaining lease term (expiring 09/30/2040) with 1.5% annual rent bumps, this property offers significant long-term stability and predictable income. The absolute NNN lease structure ensures minimal landlord responsibilities, while the corporate guarantee provides exceptional security. Located at 1377 W 7800 S, West Jordan, UT 84088, this strategically positioned property benefits from high visibility (281 feet of frontage on a road with 36,000+ vehicles daily) and favorable demographics (381,985 residents within a 5-mile radius, with an average household income of $100,224). The property sits near major employers, including Overstock.com headquarters and five apartment complexes, totaling 1,578 units. Built in 2008 and renovated in 2014, the 40,511 square foot lot offers ample space. The current NOI is $206,966, resulting in a 7.00% cap rate and a price per square foot of $673.58. The asking price is $2,957,000, representing a compelling price per unit. Four, five-year lease options further enhance the investment's longevity. The property is eligible for bonus depreciation, offering significant tax advantages.

Location Insight

City

West Jordan

County

Salt Lake

State

Utah

Latitude

40.6092

Longitude

-111.931

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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