Super Star Car Wash

401 West Orange Grove Road, Tucson, AZ 85704

$5,600,000

Cap Rate 6.25%

Views: 166 DOM: 424 Updated: 09.05.24 Posted: 10.24.23 Status: Active

Summary

Price $5,600,000	Built/Renov 2023	Tenant Super Star Car Wash
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 4,573	Lease Start 12-01-2024	#Units 77
Price/SF $1,224.58	Expiration 11-30-2044	Tenant Type Automotive
NOI $350,000	R. Term 19.11	Ownership Fee Simple
Rent/SF $76.54	Increases 10.0%/5/yrs	Pop 5Mi 1,732
Lot/AC 1.55	Options 6/5yrs/10%	AHHI 5Mi $82,158

Lease Highlights

Brand-new 2023 construction
Super Star Car Wash will sign a new 20-year lease with 6 (5-year) options to extend upon close of escrow
The lease features 10% rent increases every 5 years throughout the initial term and options
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

This brand-new, state-of-the-art constructed Super Star Car Wash is located at the signalized, hard corner intersection of Oracle Rd. & Orange Grove Rd. which see a combined 120,650 vehicles passing by daily. The site is located across the street from a Hobby Lobby & CVS-anchored shopping center, as well as a T.J. Maxx, Bed Bath & Beyond, and Natural Grocers- anchored shopping center, creating...

...

Key Features

New construction
Signalized intersection
High traffic 50M+ VPD
Dense 100M+ pop 5 mi
Top 100 MSA
Brand new lease
Long 20+ yr lease
Absolute NNN
Accelerated depreciation
Corporate Guarantee

...

Links

Super Star Car Wash Wikipedia Tucson, Arizona Zip Code 85704 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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	7,802	60,892	172,572
2023 Total Population :	7,792	61,377	172,234
2023 Employed Civilian Pop :	3,617	28,927	81,981
2023 Total Businesses :	556	3,187	7,144
2023 Average Household Income :	$ 111,391	$ 106,477	$ 91,538
2023 Total Consumer Spending :	$ 394 M	$ 2563 M	$ 6293 M
2023 Median Age :	49	46	41
2023 Total Households :	4,092	27,781	79,081
2023 Pop Age 25+: Bachelor's Degree :	1,904	11,945	28,941
2023 Average Home Value :	$ 438,360	$ 395,436	$ 347,960

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N Oracle Rd	W Lavery Ln	2013	46,965	0.18 mi
E Orange Grove Rd	N Shadow Run Dr	2016	16,469	0.40 mi
East Orange Grove Road	Cam Aguante	2018	17,288	0.45 mi
E Orange Grove Rd	Cam Aguante	2010	20,000	0.45 mi
N Casas Adobes Rd	N Oracle Rd	2010	83	0.47 mi
West Orange Grove Road	N Pomelo Ave	2018	16,253	0.52 mi
W Orange Grove Rd	N Pomelo Ave	2005	19,710	0.52 mi
N Oracle Rd	N Casas Adobes Rd	2016	42,413	0.52 mi
E Rudasill Rd	N Yellow Wood Trl	2007	3,000	0.56 mi
East Rudasill Road	N Yellow Wood Trl	2018	2,492	0.56 mi

Listing Broker

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
31404 Views
23 Sold

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
30262 Views
21 Sold

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

...

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

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT