7637 Balboa Ave - Freestanding FOR SALE


San Diego, CA 92111- Kearny Mesa
$7,009,000 USD
949-506-2009
7637 Balboa Ave, San Diego, CA for Sale
$7,009,000 USD
Freestanding - FOR SALE
1/11
null | 5.35% Cap Rate

7637 Balboa Ave
San Diego, CA 92111
Kearny Mesa


HIGHLIGHTS

  • 20-Year Sale-Leaseback | 10% Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Prime San Diego Location | High Traffic Retail Corridor
  • Surrounded by Major Retail, Employment & Lifestyle Drivers
  • 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 San Diego, 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. Mister Car Wash, Take 5 Express, Caliber Car Wash, Tommy’s Express, Splash, Zips, Autobell, Quick Quack, True Blue, Driven Brands, Wash Depot, White Water, El Car Wash

FOR SALE DETAILS

PRICE

$7,009,000 USD

PRICE/SF

$1,116 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Super Star Car Wash | I-805 Access (205k VPD)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

CC-2-5

APN/PARCEL ID

356-240-47

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.