Cobblestone Car Wash

16830 West Yuma Road, Goodyear, AZ 85338

$5,995,935

Cap Rate 6.15%

Views: 72 DOM: 205 Updated: 07.09.24 Posted: 02.25.24 Status: Contract

Summary

Price $5,995,935	Built/Renov 2023	Tenant Cobblestone Car Wash
Cap Rate 6.15%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,897	Lease Start 06-01-2024	#Units 180
Price/SF $1,016.78	Expiration 05-31-2039	Tenant Type Automotive
NOI $368,750	R. Term 14.8	Ownership Fee Simple
Rent/SF $62.53	Increases 1.5%/1/yrs	Pop 5Mi 107,693
Lot/AC 1.80	Options 4/5yrs/1.5%	AHHI 5Mi $95,689

Peter Deltondo

Marcus & Millichap

Contact

Lease Highlights

New 2023 construction
Cobblestone Car Wash will be executing a brand new 15-year lease with 4 (5-year) options to extend at the close of escrow
The lease features 1.5% annual rental escalations throughout the initial term and each option period
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Cobblestone Car Wash is strategically located on W Yuma Road, with access to 12,700 vehicles passing by daily. The property is situated in a dense retail corridor featuring Taco Bell, KFC, Jack in the Box, Burger King, Carl’s Jr., Starbucks, Little Caesars, and more. Additionally, there is a strong academic presence with Desert Edge High School and Basis Goodyear Primary School located within...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Accelerated depreciation
Corporate Guarantee

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Links

Cobblestone Car Wash Wikipedia Goodyear, Arizona Zip Code 85338 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Cobblestone Car Wash
Guarantor:Corporate
Company:Access Holdings
# Units:180
Stock:Private

About Tenant

Spotless Brands is a car wash company currently operating in partnership with 4 industry-leading brands: Cobblestone Auto Spa, Okie Express Auto Wash, Flagship Carwash and Ultimate Shine Car Wash....

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	14,693	72,686	138,340
2023 Total Population :	12,971	60,513	122,473
2023 Employed Civilian Pop :	6,185	27,678	54,523
2023 Total Businesses :	94	634	2,078
2023 Average Household Income :	$ 119,735	$ 120,550	$ 116,891
2023 Total Consumer Spending :	$ 406 M	$ 1958 M	$ 4080 M
2023 Median Age :	33	35	36
2023 Total Households :	3,930	18,788	40,403
2023 Pop Age 25+: Bachelor's Degree :	1,434	7,910	15,731
2023 Average Home Value :	$ 376,896	$ 408,032	$ 429,054

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Yuma Rd	Canyon Trails Blvd	2008	5,958	0.08 mi
W Yuma Rd	S 165th Ave	2008	7,358	0.38 mi
S Cotton Ln	W Lilac St	2008	7,350	0.47 mi
W Yuma Rd	S 173rd Ave	2014	5,705	0.56 mi
South Cotton Lane	W Pima St	2019	14,359	0.59 mi
S Cotton Ln	W Pima St	2008	3,505	0.59 mi
S Sarival Ave	W Grant St	2008	4,459	0.72 mi
S Cotton Ln	W Lilac St	2015	8,800	0.78 mi
West Yuma Road	S 175th Dr	2018	4,321	0.83 mi
W Yuma Rd	S Wildflower Dr	2008	8,384	0.85 mi

Listing Broker

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