3528 College Blvd - Car Washes FOR SALE


Oceanside, CA 92056- Lake Park
$7,200,000 USD
949-506-2009
3528 College Blvd, Oceanside, CA for Sale
$7,200,000 USD
Car Washes - FOR SALE
1/7
null | 6.25% Cap Rate

3528 College Blvd
Oceanside, CA 92056
Lake Park


OVERVIEW

• Corporately guaranteed | Super Star Car Wash currently has 100+ locations open and operating across four states with an additional 22+ locations in the development pipeline, 12 are set to open by year-end • Industry-leading operating margins with ±3x EBITDA coverage | Speak with Agent for details • New, 20-year lease with 10% rent increases every 5 years throughout the initial term and options | Rent to commence at close of escrow • Over $10.44MM in guaranteed income over the base term of the lease, yielding a 7.25% Blended CAP, assuming purchase at List Price • Excellent access and visibility from College Blvd | Boasts a robust ±64,700 VPD • Superb retail corridor location | One of the best corridors in Oceanside which includes: – Quarry Creek Plaza | Albertsons and Kohl’s-anchored shopping center | Other tenants include PetSmart, Wells Fargo, Round Table Pizza, among others – College Plaza | Hobby Lobby & Grocery Outlet-anchored center | Other tenants include Starbucks, Wendy’s, El Pollo Loco, among others – Tri City Cross Road | TJ Maxx-anchored center | Other tenants include Rite Aid, Taco Bell, Dollar Tree, Goodwill, Sizzler, Banfield Pet Hospital, among others – A Walmart Supercenter, Home Depot, Chick-fil-A, Pep Boys, Advance Auto, McDonald’s, Jack in the Box, Discount Tire, O’Reilly Auto Parts, CarMax, among others – Tri-City Medical Center | 388-bed full-service, acute-care hospital – MiraCosta College | ±12,650 students – Infiniti and Nissan car dealerships • Located a couple blocks from Ronald Packard Pkwy (aka Hwy 78) | Boasts ±139,000 VPD • There is an average of only 68 rainy days per year in Oceanside, making it ideal weather for car washes year-round • E-commerce and recession-resistant concept • Extremely dense and affluent area | 190,500+ residents with an average HH income exceeding $126,500 within a 10-minute drive • 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

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/SF

$1,716 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Super Star Car Wash | 20 Yrs NNN | San Diego

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

6

APN/PARCEL ID

168-012-53

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.