8845 E Imperial Hwy - Car Washes FOR SALE


Downey, CA 90242
$1,860,000 USD
951-479-7994
8845 E Imperial Hwy, Downey, CA for Sale
$1,860,000 USD
Car Washes - FOR SALE
1/9
null | 5% Cap Rate

8845 E Imperial Hwy
Downey, CA 90242


HIGHLIGHTS

  • Absolute NNN Lease; Zero Landlord Responsibility: 30-year original term with 21 years remaining
  • High-Traffic Corridor with Retail and Employment Synergy: Positioned along Imperial Highway near Lakewood Boulevard, benefiting from ±53,830 CPD
  • 100% Bonus Depreciation: Car wash improvements and equipment may qualify for accelerated depreciation (buyer to verify)
  • Below-Market Rent with Long-Term Upside: Current rent is below market for a fully equipped express car wash in Southeast LA County.
  • Limited Supply and High Barriers to Entry in LA County: Express car wash sites are difficult to develop in LA County due to restrictive zoning

OVERVIEW

Progressive Real Estate Partners is proud to present Crystal Cave Car Wash — a rare sub–$2M single-tenant NNN investment in one of Southeast Los Angeles County’s most established and supply-constrained retail corridors. The property is leased to an experienced regional operator under a 30-year absolute NNN lease with approximately 21 years remaining, providing passive income with 2.5% annual rent increases. Situated in the heart of Downey, surrounded by over 750,000 residents within a five-mile radius, the site benefits from exceptional consumer density, high traffic counts (53,000+ CPD), and close proximity to major retail anchors including Promenade at Downey (0.45 mi), Downey Landing (0.9 mi), and Stonewood Center (1.6 mi). With potential eligibility for 100% bonus depreciation (buyer to verify), below-market rent, and fair-market-value renewal options, this offering combines dependable cash flow, long-term appreciation potential, and meaningful after-tax advantages—all within a premier infill Los Angeles County location.

FOR SALE DETAILS

PRICE

$1,860,000 USD

PRICE/SF

$671 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crystal Cave Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,300 SF

ZONING

C4

APN/PARCEL ID

6261-014-051

ASK ABOUT THIS PROPERTY

Greg Bedell, CCIMProgressive Real Estate PartnersMore Info
951-479-7994

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Greg Bedell, CCIMProgressive Real Estate PartnersMore Info
951-479-7994

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