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Views: 186 DOM: 386 Updated: 09.18.24 Posted: 11.03.23 Status: Active

Summary

Price $6,154,000
Built/Renov 2023
Tenant Super Star Car Wash
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 6,208
Lease Start 12-01-2024
#Units 77
Price/SF $991.30
Expiration 11-30-2044
Tenant Type Automotive
NOI $400,000
R. Term 20.0
Ownership Fee Simple
Rent/SF $64.43
Increases 10.0%/5/yrs
Pop 5Mi 258,757
Lot/AC 1.32
Options 6/5yrs/10%
AHHI 5Mi $108,760

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

Super Star Car Wash is strategically located at the hard corner intersections of Hole Ave, California Ave, and Collett Ave. This prime positioning offers excellent visibility and access, with a combined traffic count of 47,900 vehicles passing by daily. Additionally, the property is within walking distance of the Galleria at Tyler shopping mall, Tyler Street Plaza, and Michael's Plaza, which...

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Maps

  • 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 : 24,112 142,755 262,476
2023 Total Population : 23,819 141,227 258,757
2023 Employed Civilian Pop : 11,275 67,738 126,329
2023 Total Businesses : 821 4,430 8,435
2023 Average Household Income : $ 85,972 $ 102,732 $ 108,760
2023 Total Consumer Spending : $ 509 M $ 3598 M $ 7091 M
2023 Median Age : 32 33 34
2023 Total Households : 6,791 40,612 75,854
2023 Pop Age 25+: Bachelor's Degree : 1,796 11,853 24,568
2023 Average Home Value : $ 491,341 $ 546,844 $ 561,790
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Mobley Ave California Ave 2003 2,645 0.10 mi
Hole Ave Polk St 2006 11,236 0.13 mi
Mobley Ave Branigan Way 2003 2,071 0.14 mi
Branigan Way Mobley Ave 2003 959 0.14 mi
Hole Ave Polk St 2006 12,532 0.20 mi
Bingham Ave Young St 2002 508 0.22 mi
Mobley Ave Bingham Ave 2002 1,975 0.23 mi
Mobley Ave Wolfe Ave 2002 1,770 0.27 mi
Hole Ave Broderick Dr 2006 13,007 0.29 mi
Hole Ave Broderick Dr 2006 12,956 0.34 mi

Listing Broker

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