11606 Canyon Rd E - Car Washes FOR SALE


Puyallup, WA 98373
$3,333,000 USD
510-289-1166
11606 Canyon Rd E, Puyallup, WA for Sale
$3,333,000 USD
Car Washes - FOR SALE
1/1
null | 5.85% Cap Rate

11606 Canyon Rd E
Puyallup, WA 98373


HIGHLIGHTS

  • Brand New 20-Year Corporate Ground Lease to Quick Quack Car Wash
  • Rare Scheduled 12.5% Rental Escalations Throughout Primary Term
  • Brand New 2024 Construction
  • Excellent Access and Visibility Along Canyon Road East (55,025 AADT) Near Junction with WA-512 Arterial (93,000 AADT)
  • Quick Quack Car Wash is 4th Largest Car Wash Brand in the U.S. with 230 Locations Across the Western U.S.
  • Approximately 10 Miles from Tacoma and 35 Miles from Seattle

OVERVIEW

The subject property is centrally located with excellent access and visibility along Canyon Road East (55,025 AADT) in close proximity to its junction with the WA-512 arterial (93,000 AADT). The site benefits from robust demographics with a population of 237,317 within a 5 mile radius. Average household income within 3 miles of the property is $132,902, and average home value within 1 mile of the site is $616,265. The property benefits from a prominent retail location in close proximity to shopping centers, major retail tenants, employers, and schools. The property is located approximately 6 miles from Joint Base Lewis-McChord, the fourth-largest employer in Washington State with an economic impact of more than $12.1 billion annually. The site is approximately 5 miles from Pacific Lutheran University, with a student body of 2,700. Puyallup (population 42,973) is an established suburb of Tacoma and Seattle located approximately 10 miles southeast of Tacoma and 35 miles South of Seattle. The city is home to the Washington State Fair, the largest single annual attraction held in the state of Washington and one of the ten largest state fairs in the U.S., drawing an average of more than a million visitors per year. In Association with ParaSell, Inc. | A Licensed Washington Broker #21245

FOR SALE DETAILS

PRICE

$3,333,000 USD

PRICE/SF

$929 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quick Quack Car Wash Ground Lease

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,252 SF

ZONING

-

APN/PARCEL ID

031912-1057

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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