1115 Imperial Ave W - Quick Quack Car Wash | New 20yr Corp Abs NNN
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1115 Imperial Ave W - Quick Quack Car Wash | New 20yr Corp Abs NNN
3,600 SF Speciality Building Offered at £1,580,020 at a 6% Net Initial Yield in Calexico, CA 92231
Investment Highlights
- Corporate Signed | Brand New 20-Year Lease | Scheduled Rental Increases | Options To Extend
- Outparcel to High Volume Food4Less & Rite Aid | National/Credit Tenant Presence
- Calexico Boarder Crossing | 8.2M+ Vehicles Crossed in 2023
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Along Imperial Ave. (34,000+ VPD | Excellent Visibility & Access
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, freestanding, newly constructed Quick Quack Car Wash investment property located in Calexico, California. The tenant recently signed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN, making this an ideal, management free investment opportunity for a passive investor. Quick Quack Car Wash offers lightning-fast, eco-friendly car cleaning services, utilizing state-of-the-art equipment for a spotless shine in minutes. With over 200 locations throughout the United States, it stands as one of the largest and fastest-growing car wash chains in the country.
Property Facts
| Price | £1,580,020 | Lot Size | 0.94 AC |
| Price Per SF | £439 | Building Size | 3,600 SF |
| Sale Type | Investment | Number of Floors | 1 |
| Net Initial Yield | 6% | Year Built | 2023 |
| Property Type | Speciality | Parking Ratio | 5/1,000 SF |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Building Class | B |
| Price | £1,580,020 |
| Price Per SF | £439 |
| Sale Type | Investment |
| Net Initial Yield | 6% |
| Property Type | Speciality |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.94 AC |
| Building Size | 3,600 SF |
| Number of Floors | 1 |
| Year Built | 2023 |
| Parking Ratio | 5/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Signage
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Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 058-120-033-000 | Improvements Assessment | £151,282 |
| Land Assessment | £473,413 | Total Assessment | £624,696 |
PROPERTY TAXES
Parcel Number
058-120-033-000
Land Assessment
£473,413
Improvements Assessment
£151,282
Total Assessment
£624,696
zoning
| Zoning Code | CH (Commercial Highway) |
| CH (Commercial Highway) |
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Power Broker Patrick Luther -
Power Broker Matthew Mousavi -
SRS National Net Lease
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1115 Imperial Ave W - Quick Quack Car Wash | New 20yr Corp Abs NNN
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