3285 W Stetson Ave - Freestanding FOR SALE
Hemet, CA 92545 |
3285 W Stetson Ave
Hemet, CA 92545
HIGHLIGHTS
- 20-Year Absolute NNN Ground Lease: Lease structure provides for ease of management with zero Landlord responsibilities
- Brand New Construction: Under development, scheduled to open for business/rent commence by Q1 2024
- 10% Rent Increases Every 5 Years: Scheduled rental increases provide for yield growth and hedge against inflation
- Corporate Lease Guaranty: Super Star Car Wash operates 80 locations and has 40 locations under construction
- Bustling Location - Walmart Shadow Anchor: The property is located at the corner of heavily trafficked W Stetson Ave & S Sanderson Ave (±56,000 ADT)
- Great Real Estate Fundamentals: Tenant is spending ±$4MM to construct the improvements, and equipment to open for business to the public and the rent
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Super Star Car Wash - 20 Yr New Construction
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
4100
STORIES
1
YEAR BUILT
2025
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
460-150-047
