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Views: 81 DOM: 92 Updated: 09.20.24 Posted: 09.20.24 Status: Active

Summary

Price $2,000,000
Built/Renov 2023
Tenant Quick Quack Car Wash (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,600
Lease Start 05-01-2023
#Units 230
Price/SF $555.56
Expiration 05-01-2043
Tenant Type Automotive
NOI $120,000
R. Term 18.4
Ownership Ground Lease
Rent/SF $33.33
Increases 10.0%/5/yrs
Pop 5Mi 44,911
Lot/AC 0.94
Options 4/5yrs/10%
AHHI 5Mi $80,029

Lease Highlights

  • New 2023 construction
  • Quick Quack Car Wash has 18+ years remaining on the current ground lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Quick Quack Car Wash is strategically located on Imperial Ave, a major retail and commuter route, with access to 34,000 vehicles daily. The property serves an outparcel to a high-traffic Food4Less and Rite-Aid, which attract over 960,000 visitors annually according to Placer.ai. The center also includes national tenants such as Carl’s Jr., Taco Bell, Subway, Starbucks, Popeyes, and forthcoming...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Quick Quack Car Wash
  • Guarantor:Corporate
  • Company:Quick Quack Car Wash Holdings
  • # Units:230
  • Stock:Private

About Tenant

Quick Quack Car Wash is a growing chain of exterior-only express car washes. Developed in 2004, it has grown from a local car wash in Sacramento, CA to the fourth-largest car wash in the nation....


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 18,099 37,811 44,709
2023 Total Population : 18,209 37,907 44,893
2023 Employed Civilian Pop : 5,447 11,890 13,995
2023 Total Businesses : 717 935 999
2023 Average Household Income : $ 74,864 $ 79,600 $ 80,016
2023 Total Consumer Spending : $ 352 M $ 724 M $ 855 M
2023 Median Age : 34 33 33
2023 Total Households : 5,337 10,454 12,277
2023 Pop Age 25+: Bachelor's Degree : 1,925 3,573 4,395
2023 Average Home Value : $ 277,737 $ 316,876 $ 306,689
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Birch Street Paulin Ave 2021 30,000 0.00 mi
111 2018 34,000 0.01 mi
CA 111 E Birch St 2021 19,700 0.01 mi
111 2018 34,000 0.01 mi
W Birch St Emerson Ave 2016 19,100 0.04 mi
S Imperial Ave Roosevelt St 2016 33,500 0.05 mi
98 Paulin Ave 2018 24,600 0.12 mi
Rockwood Avenue 2021 19,650 0.14 mi
W Birch St George Ave 2016 19,100 0.28 mi
East Birch Street Blair Ave 2021 20,000 0.30 mi

Listing Broker

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