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Views: 92 DOM: 270 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 14.6
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

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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Maps

  • 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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