Super Star Car Wash

7651 Jurupa Avenue, Riverside, CA 92503

$7,791,000

Cap Rate 5.75%

Views: 120 DOM: 384 Updated: 08.12.24 Posted: 11.03.23 Status: Contract 04.08.24

Summary

Price $7,791,000	Built/Renov 2023	Tenant Super Star Car Wash
Cap Rate 5.75%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,380	Lease Start 04-01-2024	#Units 77
Price/SF $1,448.14	Expiration 03-31-2044	Tenant Type Automotive
NOI $448,000	R. Term 19.4	Ownership Fee Simple
Rent/SF $83.27	Increases 10.0%/5/yrs	Pop 5Mi 292,878
Lot/AC 2.33	Options 6/5yrs/10%	AHHI 5Mi $103,546

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 | Zero landlord responsibilities
Corporate guarantee by TSG Consumer Partners

Location Description

Super Star Car Wash is strategically located at the hard corner intersection of Van Buren Blvd & Jurupa Ave, with excellent visibility and access to a combined daily traffic count of 76,800 vehicles. Additionally, the property is within walking distance of the Appaloosa Springs community, consisting of 254 single-family residences and in close proximity to the Manheim Riverside auto auction....

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Key Features

New construction
Hard corner intersection
High traffic 50M+ VPD
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Accelerated depreciation
Corporate Guarantee

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Links

Super Star Car Wash Wikipedia Riverside, California Zip Code 92503 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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	11,155	117,639	299,413
2023 Total Population :	10,879	115,546	294,118
2023 Employed Civilian Pop :	5,108	53,934	140,484
2023 Total Businesses :	409	2,811	9,589
2023 Average Household Income :	$ 85,329	$ 96,588	$ 103,816
2023 Total Consumer Spending :	$ 219 M	$ 2648 M	$ 7518 M
2023 Median Age :	30	32	33
2023 Total Households :	2,960	31,789	84,188
2023 Pop Age 25+: Bachelor's Degree :	574	8,330	23,821
2023 Average Home Value :	$ 472,472	$ 540,250	$ 545,228

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Van Buren Blvd	Doolittle Ave	2003	56,393	0.18 mi
Van Buren Blvd	Jurupa Ave	2003	55,748	0.19 mi
Van Buren Blvd	Central Ave	2001	46,818	0.29 mi
Central Ave	Acorn St	2006	14,906	0.38 mi
Rutland Ave	Jurupa Ave	2007	1,501	0.44 mi
Acorn St	Central Ave	2006	2,841	0.45 mi
Central Ave	Acorn St	2006	13,566	0.51 mi
Van Buren Blvd	Clay St	2009	55,827	0.51 mi
Van Buren Blvd	Acorn St	2003	49,962	0.56 mi
Rutland Ave	Bruce Ave	2007	4,725	0.70 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
27578 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
28590 Views
23 Sold

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

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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

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