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1503 Main St SW - Los Lunas Mister Car Wash 5,436 SF Specialty Building Offered at $5,359,858 at a 5.65% Cap Rate in Los Lunas, NM 87031
Investment Highlights
- Absolute NNN Lease - Zero Landlord Responsibilities
- 1.75% Annual Escalations - Compounded Annually
- 20-Year Initial Term + Four (4) 5-Year Renewal Options (~38+ Years Total)
- Mister Carwash taken private by Leonard Green & Partners in May 2026
Executive Summary
Single Tenant NNN Leased Investment in Los Lunas, NM
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
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
Property Facts
| Price | $5,359,858 | Building Class | B |
| Price Per SF | $985.99 | Lot Size | 1.07 AC |
| Sale Type | Investment NNN | Building Size | 5,436 SF |
| Cap Rate | 5.65% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Property Subtype | Car Wash |
| Price | $5,359,858 |
| Price Per SF | $985.99 |
| Sale Type | Investment NNN |
| Cap Rate | 5.65% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.07 AC |
| Building Size | 5,436 SF |
| No. Stories | 1 |
| Year Built | 2023 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 1-008-039-364-070-000000 | Improvements Assessment | $303,099 |
| Land Assessment | $124,291 | Total Assessment | $427,390 |
Property Taxes
Parcel Number
1-008-039-364-070-000000
Land Assessment
$124,291
Improvements Assessment
$303,099
Total Assessment
$427,390
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1503 Main St SW - Los Lunas Mister Car Wash
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