6004 N Mesa St - Car Washes FOR SALE


El Paso, TX 79912- Lambka Park
$2,523,000 USD
602-687-6780
6004 N Mesa St, El Paso, TX for Sale
$2,523,000 USD
Car Washes - FOR SALE
1/5
null | 5.35% Cap Rate

6004 N Mesa St
El Paso, TX 79912
Lambka Park


HIGHLIGHTS

  • 15-Year Absolute Triple-Net (NNN) Ground Lease
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • Corporate Guaranty by Quick Quack Car Wash - Driven Brands (NASDAQ: DRVN) Also Guarantees the Lease Until September 2027
  • 173,453 Residents within a 5-Mile Radius - Growing El Paso Trade Area
  • High-Quality 2023 Construction
  • Located at a High Traffic Intersection with 57,000+ Cars per Day at the Corner of Sunland Park Drive/Shadow Mountain Drive and North Mesa Street

OVERVIEW

Quick Quack Car Wash is a growing chain of exterior-only express car washes. The company launched in 2004 in Sacramento, California. Today, Quick Quack Car Wash is headquartered in Roseville, California and operates over 240 locations in California, Texas, Colorado, Arizona, and Utah, making it the fourth-largest car wash chain in the United States. El Paso, the county seat of El Paso County, is the second-largest city in the Southwest United States. The city of El Paso is home to the largest metro area that runs along the Texas-Mexico border and is a top 20% U.S. performing economy. As one of the most expansive manufacturing centers in North America and home to the greatest bilingual and bi-cultural workforce of the Western Hemisphere, El Paso is a recognized global economic competitor.

FOR SALE DETAILS

PRICE

$2,523,000 USD

PRICE/SF

$606 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quick Quack Car Wash Ground Lease

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

81

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,701 SF

ZONING

C-1

APN/PARCEL ID

C843-999-0010-0100

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

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Christopher LindMarcus & MillichapMore Info
602-687-6780

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