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INVESTMENT OFFERING

SAB Capital is pleased to present Mighty Wash in Hobbs, NM. This is an absolute triple-net (NNN) sale-leaseback in which the tenant will sign a 20-year lease commencing at closing. The lease will feature annual rent escalations. Mighty wash currently operates 24 locations primarily located in West Texas and the Permian Basin.

  • Mighty Wash in Hobbs, NM | Southeast New Mexico Location
  • Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure
  • Long-Term Sale Leaseback Opportunity | Tenant Will Commence a New 20-Year Lease at Closing
  • High Credit, Experienced Operator Founded in 2012
  • The Subject Property Qualifies for Bonus Depreciation | 60% in Year 1
  • Structured Hedge Against Inflation | Annual Increases – Best Offer
  • Robust Local Population Growth | 20.1% Increase in 5 Mile Radius Since 2010
  • Dense Retail Trade Area | 1.1M Square Feet of Retail Within 1 Mile
  • Close Proximity to Interstate Highway | Under 2 Miles From NM-18
  • National Retailers Located Nearby | Walgreens, The UPS Store, Permian Toyota, The Home Depot, and Many More

Tenant Price Cap Rate Lease Type Square Feet Status
Mighty Wash $4,979,498 8.00% Absolute NNN 14,789 Available

Mark Pomella

VICE PRESIDENT | INVESTMENT SALES

Dave Gollenberg

SENIOR ASSOCIATE | INVESTMENT SALES
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