10561 Hole Avenue - New Corporate Car Wash | 20 Yrs NNN | 48k VPD
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10561 Hole Avenue - New Corporate Car Wash | 20 Yrs NNN | 48k VPD
6,208 SF Speciality Building Offered at £4,815,197 at a 6.50% Net Initial Yield in Riverside, CA 92505
Executive Summary
• Corporately guaranteed | Super Star Car Wash currently has 100+ locations open and operating across four states with an additional 25+ locations in the development pipeline, 12 are set to open by year-end
• Superb tax advantages | Investment is likely eligible for Bonus Depreciation | Speak with your tax advisor to confirm
• New, 20-year lease with 10% rent increases every 5 years throughout the initial term and options | Rent to commence at close of escrow
• Nearly $9.28MM in guaranteed income over the base term of the lease, yielding a 7.54% Blended CAP, assuming purchase at List Price
• Excellent access and visibility from Hole Ave, California Ave, and Collett Ave | Boasts a combined ±47,900 VPD
• There is an average of only 34 rainy days per year in Riverside, CA, making it ideal weather for car washes year-round
• Site is walking distance to:
• Galleria at Tyler | 1MM+ SF shopping mall | 180+ retailers | Anchored by Macy’s, JCPenney, Sephora, Furniture City
• Tyler Street Plaza | Shopping center anchored by Best Buy and Burlington
• Michael’s Plaza | Shopping center anchored by Northgate Gonzalez Market and Michaels
• La Sierra High School | 1,546 students
• Kaiser Permanente Riverside Medical Center | 225 beds
• National tenants including Target, Lowe’s, Kohl’s, ALDI, Starbucks, McDonald’s, Smart & Final, Stater Bros, Olive Garden, ULTA, The
Habit, Citi Bank, IHOP, Ross, Big 5 Sporting Goods, Jack in the Box, Rite Aid, Dunkin’, AutoZone, among others
• Less than 1.5 miles from Highway 91 aka Riverside Freeway (186,000 VPD) & La Sierra University (1,600+ students)
• E-commerce and recession-resistant concept
• Dense and affluent area | 141,200+ residents with an average HH income exceeding $102,700 within a 3-mile radius
• In 2021, TSG Consumer Partners, a leading private equity firm, acquired a majority stake in Super Star Car Wash and will continue
to build and accelerate growth for the business
• Superb tax advantages | Investment is likely eligible for Bonus Depreciation | Speak with your tax advisor to confirm
• New, 20-year lease with 10% rent increases every 5 years throughout the initial term and options | Rent to commence at close of escrow
• Nearly $9.28MM in guaranteed income over the base term of the lease, yielding a 7.54% Blended CAP, assuming purchase at List Price
• Excellent access and visibility from Hole Ave, California Ave, and Collett Ave | Boasts a combined ±47,900 VPD
• There is an average of only 34 rainy days per year in Riverside, CA, making it ideal weather for car washes year-round
• Site is walking distance to:
• Galleria at Tyler | 1MM+ SF shopping mall | 180+ retailers | Anchored by Macy’s, JCPenney, Sephora, Furniture City
• Tyler Street Plaza | Shopping center anchored by Best Buy and Burlington
• Michael’s Plaza | Shopping center anchored by Northgate Gonzalez Market and Michaels
• La Sierra High School | 1,546 students
• Kaiser Permanente Riverside Medical Center | 225 beds
• National tenants including Target, Lowe’s, Kohl’s, ALDI, Starbucks, McDonald’s, Smart & Final, Stater Bros, Olive Garden, ULTA, The
Habit, Citi Bank, IHOP, Ross, Big 5 Sporting Goods, Jack in the Box, Rite Aid, Dunkin’, AutoZone, among others
• Less than 1.5 miles from Highway 91 aka Riverside Freeway (186,000 VPD) & La Sierra University (1,600+ students)
• E-commerce and recession-resistant concept
• Dense and affluent area | 141,200+ residents with an average HH income exceeding $102,700 within a 3-mile radius
• In 2021, TSG Consumer Partners, a leading private equity firm, acquired a majority stake in Super Star Car Wash and will continue
to build and accelerate growth for the business
Property Facts
1 of 1
PROPERTY TAXES
| Parcel Number | 143-080-035 | Improvements Assessment | £0 |
| Land Assessment | £2,582,085 | Total Assessment | £2,582,085 |
PROPERTY TAXES
Parcel Number
143-080-035
Land Assessment
£2,582,085
Improvements Assessment
£0
Total Assessment
£2,582,085
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Calvin Short -
Aron Cline -
Matt Coates -
Gary Chou -
Berkeley Capital Advisors
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10561 Hole Avenue - New Corporate Car Wash | 20 Yrs NNN | 48k VPD
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