KeyBank Data Center Sale-Leaseback
US - Solon, OH
Jones Lang LaSalle Americas (“JLL”) is pleased to exclusively offer for sale the ground lease interest of the Mister Car Wash in Houston, TX (“Property” or “Asset”). This Asset features 5,521 square feet of newly-developed retail space and is 100% leased to Mister Car Wash on a 20-year absolute NNN ground lease. The Property is favorably positioned on Barker Cypress Rd adjacent to Interstate 10, which benefits from over 240,000 vehicles per day. The Asset is located within Houston’s Energy Corridor across the street from the Houston Medical Center – West Campus, comprised of both Methodist and Texas Children’s Hospital. The Asset is located within one the fastest growing corridors in the nation and has experienced a 68% population growth since 2010. Two Class-A apartment complexes are under construction two blocks from the Property and will add 963-units upon completion in 2024. Mister Car Wash is the largest conveyor cash wash operator in the nation with over 430 locations in 23 states and more than $876 million in total revenue (TTM). This location is scheduled to open for business in summer of 2023.