734 Main St - Retail FOR SALE


Chula Vista, CA 91911
$6,818,000 USD
480-221-4221
734 Main St, Chula Vista, CA for Sale
$6,818,000 USD
Retail - FOR SALE
1/8
null | 5.5% Cap Rate

734 Main St
Chula Vista, CA 91911


HIGHLIGHTS

  • New 20-Year Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Part of New Retail Development | Interstate 805 (262,000 VPD) | New Housing Developments
  • Strong Demographics In The Immediate Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, ground leased Quick Quack Car Wash investment property located in Chula Vista, California. The tenant, Quick Quack Car Wash recently signed a brand new, 20-year lease with 4 (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, 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 a passive investor.

FOR SALE DETAILS

PRICE

$6,818,000 USD

PRICE/SF

$1,900 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Quick Quack Car Wash | New 20yr Abs NNN

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

ILP

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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