Super Star Car Wash

14812 Bear Valley Road, Victorville, CA 92395

$5,556,000

Cap Rate 6.75%

Views: 139 DOM: 396 Updated: 09.18.24 Posted: 11.03.23 Status: Active

Summary

Price $5,556,000	Built/Renov 2023	Tenant Super Star Car Wash
Cap Rate 6.75%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,400	Lease Start 12-01-2024	#Units 77
Price/SF $1,028.89	Expiration 11-30-2044	Tenant Type Automotive
NOI $375,000	R. Term 20.0	Ownership Fee Simple
Rent/SF $69.44	Increases 10.0%/5/yrs	Pop 5Mi 202,445
Lot/AC 1.14	Options 6/5yrs/10%	AHHI 5Mi $90,026

Lease Highlights

Brand-new 2023 construction
Super Star Car Wash will be signing a brand-new 20-year lease with 6 (5-year) options at the close of escrow
Lease features 10% rental increase every 5 years throughout the initial term and each option
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee by TSG Consumer Partners

Location Description

This newly constructed 5,400 square foot Super Star Car Wash is strategically located along Bear Valley Road with access to 49,400 vehicles per day. The site benefits from its close proximity to the on/off ramps of Interstate 15 which see’s over 104,000 vehicles per day. Neighboring national/credit tenants include McDonalds, Dutch Bro’s, Jersey Mike’s, Firestone, KFC and many others. A robust...

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Key Features

New construction
Build to suit
Dense retail corridor
Freeway close
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Accelerated depreciation
Corporate Guarantee

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Links

Super Star Car Wash Wikipedia Victorville, California Zip Code 92395 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Super Star Car Wash
Guarantor:Corporate
Company:TSG Consumer Partners
# Units:77
Stock:Private

About Tenant

Super Star Car Wash is a leading car wash operator. The family-owned company offers full service and express car washes in Arizona, California, Colorado, and Texas. Services include single washes...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	7,870	86,922	205,898
2023 Total Population :	7,837	85,835	202,445
2023 Employed Civilian Pop :	3,265	34,380	80,829
2023 Total Businesses :	519	2,344	5,223
2023 Average Household Income :	$ 95,341	$ 83,442	$ 90,026
2023 Total Consumer Spending :	$ 184 M	$ 1805 M	$ 4538 M
2023 Median Age :	32	32	31
2023 Total Households :	2,229	24,911	58,041
2023 Pop Age 25+: Bachelor's Degree :	416	4,544	12,122
2023 Average Home Value :	$ 459,138	$ 405,779	$ 441,799

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Bear Valley Cutoff	Cottonwood Ave	2004	47,730	0.03 mi
Tokay St	Mariposa Rd	2005	15,773	0.11 mi
Cottonwood Ave	Bear Valley Cutoff	2005	8,239	0.12 mi
Bear Valley Cutoff	Mariposa Rd	2009	62,693	0.14 mi
Mariposa Rd	Tokay St	2009	10,117	0.16 mi
Oakwood Ave	Alley Aly	2007	8,571	0.17 mi
Sequoia St	Cottonwood Ave	2006	2,124	0.17 mi
Mariposa Rd	Oakwood Ave	2005	9,864	0.20 mi
Sequoia St	Hawthorne Ave	2006	2,920	0.24 mi
Bear Valley Cutoff	Locust Ave	2009	53,664	0.26 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
28474 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
29533 Views
23 Sold

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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