6245 Hunt Hwy - Car Washes FOR SALE


Queen Creek, AZ 85144
$5,750,000 USD
310-966-0122

NO PHOTO

$5,750,000 USD
Car Washes - FOR SALE
null | 6.25% Cap Rate

6245 Hunt Hwy
Queen Creek, AZ 85144


HIGHLIGHTS

  • Brand New 20-Year NNN Lease
  • Bonus Depreciation Opportunity
  • Corporate Guarantee from Leading Operator
  • High-Rent Asset in Affluent Market

OVERVIEW

SURMOUNT and Marcus & Millichap are pleased to present the exclusive listing for a Cobblestone Auto Spa located at 6245 W Hunt Hwy, Queen Creek, AZ 85144. The site consists of roughly 5,897 rentable square feet of building space on an estimated 1.69-acre parcel of land. This Cobblestone Auto Spa is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $359,375 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$975 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cobblestone Auto Spa

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.9 AC

LAND SF

169,884 SF

ZONING

-

APN/PARCEL ID

509-04-001P

ASK ABOUT THIS PROPERTY

Thomas JonssonCBC AdvisorsMore Info
310-966-0122

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Thomas JonssonCBC AdvisorsMore Info
310-966-0122

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