17112-17122 Main St - Retail FOR SALE


Hesperia, CA 92345
$3,333,000 USD
949-412-1616
17112-17122 Main St, Hesperia, CA for Sale
$3,333,000 USD
Retail - FOR SALE
1/10
null | 6% Cap Rate

17112-17122 Main St
Hesperia, CA 92345


HIGHLIGHTS

  • CORPORATE LEASE WITH NYSE-LISTED MISTER CAR WASH, THE LARGEST U.S. CAR WASH OPERATOR WITH 500+ LOCATIONS AND $1B+ IN ANNUAL REVENUE
  • STRICT CITY OF HESPERIA DEVELOPMENT CODES LIMIT NEW CAR WASH SUPPLY, ENHANCING VALUE OF EXISTING FACILITIES
  • NEW 15-YEAR LEASE WITH MULTIPLE RENEWAL OPTIONS PROVIDING UP TO 34 YEARS OF LONG-TERM INCOME STABILITY
  • BELOW-MARKET RENT CREATES FUTURE NOI UPSIDE AND LONG-TERM INVESTOR VALUE
  • ABSOLUTE NNN LEASE WITH TENANT COVERING ALL EXPENSES, OFFERING HASSLE-FREE, PASSIVE INVESTMENT
  • RENT INCREASES AND NEW PROTOTYPE CONSTRUCTION PROVIDE GROWING CASH FLOW AND HIGH VALUE

OVERVIEW

Faris Lee Investments is pleased to present the unique opportunity to acquire a brand new, corporate-executed absolute NNN ground lease with Mister Car Wash (NYSE: MCW), the largest car wash operator in the United States. With over 500 locations across 22 states and trailing twelve-month revenue exceeding $1 billion as of Q3 2025, the tenant offers established financial strength and brand recognition. This offering features a long-term fifteen (15) year primary lease with 3 (5 year) and 1 (4 Year) options, potentially extending the term to 34 years, providing exceptional long-term stability and security for the investor. Development standards adopted by the City of Hesperia create a significant advantage by limiting future car wash supply. With new zoning and spacing restrictions designed to prevent market saturation, the City has established high barriers to entry for new competitors. This regulatory environment secures a protected market position for the asset, preserving market share and enhancing long-term value. An Absolute Triple Net (NNN) Ground Lease structure ensures a completely passive ownership experience, with the tenant directly responsible for all property operations, including roof, structure, parking lot, repairs, maintenance, taxes, utilities, and insurance. Ideally suited for the passive investor or 1031 Exchange buyer, the lease also provides a growing income stream with 10% increases every five years, acting as a hedge against inflation & an increased return on investment. Furthermore, the current annual rent of $200,000 is significantly below the estimated market range of $225,000 to $400,000, creating intrinsic value and potential for future Net Operating Income (NOI) growth. Situated as a freestanding property on the high-profile retail corridor along Main Street (32,900 VPD), Mister Car Wash is strategically positioned between two high-volume supermarket-anchored centers: Stater Bros. Markets and Vallarta Supermarket creating strong synergy & demand in the immediate trade area. This brand-new construction features the tenant’s latest prototypical layout, designed to increase sales volume while eliminating deferred maintenance. Hesperia serves as a vital hub along the highly trafficked Interstate 15 corridor connecting Coastal Southern California to Nevada, and the immediate trade area benefits from consistent daily needs traffic generated by the surrounding grocery anchors.

FOR SALE DETAILS

PRICE

$3,333,000 USD

PRICE/SF

$585 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mister Car Wash-15 YR Abs NNN Lse-Low Rent

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

Commercial

APN/PARCEL ID

0410-134-12

ASK ABOUT THIS PROPERTY

Jeff ConoverFaris Lee InvestmentsMore Info
949-412-1616

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Jeff ConoverFaris Lee InvestmentsMore Info
949-412-1616

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