3285 W Stetson Ave - Car Washes FOR SALE


Hemet, CA 92545- Outer San Jacinto
$5,000,000 USD
949-506-2009
3285 W Stetson Ave, Hemet, CA for Sale
$5,000,000 USD
Car Washes - FOR SALE
1/10
null | 5.5% Cap Rate

3285 W Stetson Ave
Hemet, CA 92545
Outer San Jacinto


HIGHLIGHTS

  • 20-Year Sale-Leaseback | 10% Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Prime Hemet Location | Strong Traffic & Access
  • Surrounded by Major National & Credit Retailers
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Super Star Car Wash investment property located in Hemet, California. The tenant, Super Star Car Wash recently signed a brand new 20-year sale-leaseback with 2 (5-year) and 1 (4 Year, 11 Month) option 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, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$1,000 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Super Star Car Wash | 20yr Abs NNN SLB

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

M-1

APN/PARCEL ID

460-150-047

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.