10561 Hole Avenue - Car Washes FOR SALE


Riverside, CA 92505- La Sierra
$6,154,000 USD
949-506-2009
10561 Hole Avenue, Riverside, CA for Sale
$6,154,000 USD
Car Washes - FOR SALE
1/10
null | 6.5% Cap Rate

10561 Hole Avenue
Riverside, CA 92505
La Sierra


HIGHLIGHTS

  • New 20-Year Lease | Options To Extend | Scheduled Increases | Corporate Guaranteed | Internet/Recession Resistant Concept
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • On/Off Ramp Access State Hwy 91 (215,000 VPD) | Retail Corridor
  • Strong Demographics In 5-Mile Trade Area | Target Demographic

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, Super Star Car Wash investment property located in Riverside, California. The tenant recently signed a brand-new, 20 year lease with 2 (5-year) and 1 (4-year and 11-months) option 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, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Super Star Car Wash currently operates 120+ locations and has plans to accelerate business growth following a recent agreement from TSG Consumer Partners, a leading private equity firm, to acquire majority stake in the company.

FOR SALE DETAILS

PRICE

$6,154,000 USD

PRICE/SF

$991 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Corporate Car Wash | 20 Yrs NNN | 48k VPD

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

R-1-7000

APN/PARCEL ID

143-080-035

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.