3436 Northgate Blvd - Car Washes FOR SALE


Sacramento, CA 95834- Gardenland
$1,794,000 USD
949-769-4855
3436 Northgate Blvd, Sacramento, CA for Sale
$1,794,000 USD
Car Washes - FOR SALE
1/6
null | 5.1% Cap Rate

3436 Northgate Blvd
Sacramento, CA 95834
Gardenland


HIGHLIGHTS

  • Dominant Express Car Wash Brand – Founded in 2004, Quick Quack Car Wash has grown into one of the largest express car wash chains in the United States
  • According to Placer.ai, this Quick Quack location ranks in the top 8% nationwide within the chain for visits and in the top 19% across California
  • Long Term, Corporate NNN Ground Lease – Quick Quack Car Wash has been at this location since 2008 and operates on an Absolute NNN Ground Lease
  • Due to rare annual rent increases throughout the base term & options the NOI is projected to grow approximately $38,730 (42%) over a 10-yr hold period
  • High Traffic, Convenient Location – Excellent signalized corner location just off Northgate Blvd (±26,800 CPD) at the intersection of San Juan Rd

OVERVIEW

* Dominant Express Car Wash Brand – Founded in 2004, Quick Quack Car Wash has grown into one of the largest express car wash chains in the United States, operating over 340 locations across California, Arizona, Colorado, Texas, Utah, Oklahoma, Nevada, and Washington * Outstanding Placer.ai Data – According to Placer.ai, this Quick Quack location ranks in the top 8% nationwide within the chain for visits and in the top 19% across California. This positions the site as one of the top-performing car washes within the entire Quick Quack chain * Long Term, Corporate NNN Ground Lease – Quick Quack Car Wash has been at this location since 2008 and operates on an Absolute NNN Ground Lease, the most secure form of real estate investment (December 2036 expiration), with two, 10-year options to renew * Exceptional Income Growth – Due to rare annual rent increases throughout the base term and options (CPI, minimum 4%), the NOI is projected to grow approximately $38,730 (42%) over a 10-year hold period * Below Market Rent – Quick Quack Car Wash’s ground rent is well approximately 40% below market, producing low tenant occupancy costs and future mark-to-market rent potential at lease expiration * High Traffic, Convenient Location – Excellent signalized corner location just off Northgate Blvd (±26,800 CPD) at the intersection of San Juan Rd (±14,400 CPD), immediately south of Interstate 80 (±146,700 CPD), positioning the property for strong traffic flows and convenient access

FOR SALE DETAILS

PRICE

$1,794,000 USD

PRICE/SF

$445 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quick Quack

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

C-2 SPD

APN/PARCEL ID

250-0160-036

ASK ABOUT THIS PROPERTY

949-769-4855

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949-769-4855

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