28343 Greenspot Rd - Car Washes FOR SALE


Highland, CA 92346
$2,700,000 USD
949-506-2009
28343 Greenspot Rd, Highland, CA for Sale
$2,700,000 USD
Car Washes - FOR SALE
1/8
null | 5% Cap Rate

28343 Greenspot Rd
Highland, CA 92346


HIGHLIGHTS

  • New 20 Year Lease | New Construction | Corporate Guaranteed
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Dense Retail/Development Corridor | State Hwy 210 (98,000 VPD)
  • Strong Demographics In 5-Mile Trade Area | San Bernardino MSA

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, new construction, corporate guaranteed, Quick Quack Car Wash investment property located in Highland, California (San Bernardino MSA). The tenant, Quick Quack Car Wash Holdings, LLC, recently signed a brand new 20 year lease with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. With over 280 locations throughout the United States, Quick Quack Car Wash stands as one of the largest and fastest-growing car wash chains in the country. Mister Car Wash, Take 5 Express, Caliber Car Wash, Tommy’s Express, Splash, Zips, Autobell, Quick Quack, True Blue, Driven Brands, Wash Depot, White Water, El Car Wash

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$750 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Quick Quack Car Wash | New 20yr Abs NNN

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,688 SF

ZONING

PD

APN/PARCEL ID

1201-361-30

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 Notice.