Quick Quack Car Wash (GL)

309 Panno Drive, Brawley, CA 92227

$2,727,000

Cap Rate 5.50%

Views: 101 Updated: 01.17.24 Posted: 11.02.23 Status: Inactive

Summary

Price $2,727,000	Built/Renov 2023	Tenant Quick Quack Car Wash (GL)
Cap Rate 5.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,596	Lease Start 09-28-2023	#Units 192
Price/SF $758.34	Expiration 09-27-2043	Tenant Type Automotive
NOI $150,000	R. Term 18.9	Ownership Ground Lease
Rent/SF $41.71	Increases 10.0%/5/yrs	Pop 5Mi 26,561
Lot/AC 0.85	Options 4/5yrs/10%	AHHI 5Mi $66,976

Lease Highlights

Quick Quack Car Wash recently signed a brand new 20-year ground lease with 4 (5-year) options to extend
Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Quick Quack Car Wash Holdings, LLC

Location Description

Quick Quack Car Wash is strategically located on Meridian East, with excellent visibility and access to 20,000 vehicles passing by daily. The immediate vicinity features national tenants such as Walmart, 7-Eleven, Starbucks, and Taco Bell, among others. The property is conveniently adjacent to the Florentine development, which includes 160 condominiums. Additionally, it is in close proximity...

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Key Features

New construction
Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Strategically located
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee

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Links

Quick Quack Car Wash Wikipedia Quick Quack Car Wash Wikipedia Brawley, California Zip Code 92227 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Quick Quack Car Wash
Guarantor:Corporate
Company:Quick Quack Car Wash Holdings
# Units:192
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 :	3,635	26,909	27,501
2023 Total Population :	3,612	26,705	27,258
2023 Employed Civilian Pop :	867	8,084	8,335
2023 Total Businesses :	35	614	661
2023 Average Household Income :	$ 49,816	$ 81,770	$ 82,461
2023 Total Consumer Spending :	$ 51 M	$ 600 M	$ 619 M
2023 Median Age :	32	32	32
2023 Total Households :	1,147	8,369	8,549
2023 Pop Age 25+: Bachelor's Degree :	102	2,166	2,217
2023 Average Home Value :	$ 207,434	$ 289,664	$ 293,683

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
S Best Ave	I St	2004	7,500	0.98 mi
Main St	Norman Ct	2004	10,700	1.06 mi
Main St	S 18th St	2004	8,900	1.07 mi
Main St	N Palm Ave	2004	12,300	1.09 mi
Main St	N Palm Ave	2004	16,600	1.17 mi
Dogwood Rd	S Imperial Ave	2007	15,000	1.17 mi
US Hwy 78	State Hwy111	2015	6,100	1.19 mi
State Rte 111	Hwy 78	2016	14,600	1.25 mi
Main St	N Palm Ave	2004	21,300	1.25 mi
Main St	S Plz St	2004	21,300	1.32 mi

Listing Broker

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
17477 Views
65 Sold

Bill Asher

Hanley Investment Group

Contact

151 Listings
17915 Views
63 Sold

Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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