Super Star Car Wash

3328 College Boulevard, Oceanside, CA 92056

$7,200,000

Cap Rate 6.25%

Views: 197 DOM: 428 Updated: 09.18.24 Posted: 10.21.23 Status: Contract 09.18.24

Summary

Price $7,200,000	Built/Renov 2019	Tenant Super Star Car Wash
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 4,195	Lease Start 12-01-2024	#Units 77
Price/SF $1,716.33	Expiration 11-30-2044	Tenant Type Automotive
NOI $450,000	R. Term 19.11	Ownership Fee Simple
Rent/SF $107.27	Increases 10.0%/5/yrs	Pop 5Mi 300,551
Lot/AC 1.10	Options 6/5yrs/10%	AHHI 5Mi $127,825

Lease Highlights

Super Star Car Wash will be signing a brand new 20-year lease with 6 (5-year) options to extend upon close of escrow
Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Super Star Car Wash is strategically located along College Boulevard with access to 64,700 vehicles per day. The site is within close proximity to the on/off ramps of Hwy 78 which see’s 139,000 VPD. The tenant sits in a dense retail corridor location with neighboring national/credit tenants including Walmart Supercenter, Home Depot, O’Reilly Autoparts, Starbucks, Advanced Autoparts and many...

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Key Features

High traffic 50M+ VPD
Dense retail corridor
Near major nationals
Highway close
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Absolute NNN
Corporate Guarantee

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Links

Super Star Car Wash Wikipedia Oceanside, California Zip Code 92056 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 :	18,900	126,138	316,524
2023 Total Population :	18,927	125,048	315,022
2023 Employed Civilian Pop :	9,502	61,601	158,728
2023 Total Businesses :	689	4,334	14,930
2023 Average Household Income :	$ 109,225	$ 127,377	$ 123,006
2023 Total Consumer Spending :	$ 624 M	$ 5075 M	$ 11904 M
2023 Median Age :	37	40	37
2023 Total Households :	6,630	46,624	112,870
2023 Pop Age 25+: Bachelor's Degree :	2,639	23,836	52,632
2023 Average Home Value :	$ 674,617	$ 862,819	$ 818,486

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
College Blvd	Vista Way	2013	37,600	0.04 mi
College Blvd	Barnard Dr	2005	33,647	0.06 mi
College Blvd	Vista Way	2013	45,700	0.09 mi
Vista Way	College Blvd	2014	6,400	0.11 mi
CA 78		2021	112,000	0.13 mi
Barnard Dr	Meadow Ln	2013	11,000	0.14 mi
College Blvd	Barnard Dr	2005	32,226	0.15 mi
Hwy 78	College Blvd	2014	13,600	0.17 mi
College Blvd	Haymar Dr	2013	44,900	0.18 mi
Vista Way	Princeton Dr	2015	15,480	0.18 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
30298 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
31441 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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