A rare chance to acquire a trophy passive income asset in the heart of Covina, CA. This investment features a brand-new 20-year Absolute NNN Ground Lease with Quick Quack Car Wash, one of the largest and fastest-growing car wash operators in the United States. With zero landlord responsibilities and built-in rental growth, this is an ideal "hands-off" addition to any sophisticated portfolio. 1. Investment Highlights - Pricing: $4,500,000 | NOI: $215,000 - True Passive Income: Absolute NNN Ground Lease structure ensures zero management, maintenance, or tax obligations for the owner. - Long-Term Security: 20 years of primary term remaining plus three (3) 5-year renewal options. - Strong Yield Growth: Rare 10% rent increases every 5 years, providing a significant hedge against inflation and increasing the yield on cost over time. 2. Tenant & Location Strength - Elite Tenant: Operated by Quick Quack Car Wash Holdings, LLC, a Top 5 national operator known for high-volume performance and aggressive market expansion. - Prime Covina Real Estate: Situated at 154 E Arrow Hwy, this site benefits from exceptionally high traffic counts and dense surrounding residential populations. - Strategic Positioning: Located in a high-barrier-to-entry Southern California market with robust long-term intrinsic land value. Secure your future cash flow with a tenant that leads the industry in a prime Los Angeles County submarket.