Quick Quack Car Wash (GL)

58024 Twentynine Palms Highway, Yucca Valley, CA 92284

$2,041,500

Cap Rate 6.12%

$2,273,000

Cap Rate 5.50%

Views: 209 DOM: 437 Updated: 10.30.24 Posted: 05.19.23 Status: Sold 07.30.24

Summary

Price $2,041,500 $2,273,000	Built/Renov 2023	Tenant Quick Quack Car Wash (GL)
Cap Rate 6.12% 5.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,596	Lease Start 07-01-2023	#Units 192
Price/SF $567.71 $632.09	Expiration 06-30-2043	Tenant Type Automotive
NOI $125,000	R. Term 18.5	Ownership Ground Lease
Rent/SF $34.76	Increases 10.0%/5/yrs	Pop 5Mi 29,477
Lot/AC 0.79	Options 10/5yrs/10%	AHHI 5Mi $63,561

Lease Highlights

Brand-new 2023 construction
Quick Quack Car Wash recently signed a brand-new 20-year lease with 10 (5-year) options
Lease features 10% rental increases every 5 years throughout the initial term and at each option
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Quick Quack Car Wash Holdings, LLC

Location Description

The subject property is strategically situated along Twentynine Palms Highway (21,000 VPD), a major traffic thoroughfare and a commercial corridor that stretches across all of San Bernardino County. The highway serves as the primary arterial that connects I-10 to all of the cities and towns in the Morongo Basin. Retailers along Twentynine Palms Highway include Walmart Supercenter, The Home...

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Key Features

New construction
Build to suit
Near major nationals
Shopping Ctr out-parcel
Highway location
Top 100 MSA
Brand new lease
Long 20+ yr lease
Absolute NNN
Corporate Guarantee

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Links

Quick Quack Car Wash Wikipedia Quick Quack Car Wash Wikipedia Yucca Valley, California Zip Code 92284 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Quick Quack Car Wash (GL)
Guarantor:Corporate
Company:Quick Quack Car Wash Holdings, LLC
# 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 :	3,292	18,539	27,792
2023 Total Population :	3,317	18,642	27,824
2023 Employed Civilian Pop :	1,331	7,491	11,371
2023 Total Businesses :	210	740	999
2023 Average Household Income :	$ 77,759	$ 82,430	$ 80,686
2023 Total Consumer Spending :	$ 84 M	$ 540 M	$ 811 M
2023 Median Age :	36	41	42
2023 Total Households :	1,235	7,495	11,480
2023 Pop Age 25+: Bachelor's Degree :	258	1,628	2,500
2023 Average Home Value :	$ 365,878	$ 377,635	$ 334,481

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Balsa Ave	Twentynine Palms Outerhwy N	2010	5,380	0.13 mi
Balsa Ave	Hanford Ave	2010	7,105	0.16 mi
Hilton Rd	Sunnyslope Dr	2010	4,741	0.17 mi
Warren Vista Dr	29 Palms Hwy	2010	1,838	0.47 mi
Avalon Ave	Sunnyslope Dr	2010	2,717	0.57 mi
Yucca Trl	la Habra Ave	2010	7,549	0.58 mi
Palomar Ave	Arcadia Trl	2010	4,612	0.75 mi
Airway Ave	Twentynine Palms Outerhighway S	2010	1,907	0.77 mi
Airway Ave	Twentynine Palms Outerhighway N	2010	1,415	0.77 mi
Airway Ave	Lupine Dr	2010	1,668	0.83 mi

Listing Broker

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
18573 Views
65 Sold

Bill Asher

Hanley Investment Group

Contact

151 Listings
19034 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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