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DOM: 6 Updated: 05.01.23 Posted: 04.05.23 Status: Sold 04.11.23

Summary

Price $4,460,000 $4,620,000
Built/Renov 2022
Tenant Quick Quack Car Wash (GL)
Cap Rate 4.40% 4.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,596
Lease Start 09-18-2021
#Units 163
Price/SF $1,240.27 $1,284.76
Expiration 09-18-2041
Tenant Type Automotive
NOI $196,351
R. Term 16.3
Ownership Ground Lease
Rent/SF $54.60
Increases 10.0%/5/yrs
Pop 5Mi 266,084
Lot/AC 0.98
Options 3/5yrs/10%
AHHI 5Mi $125,799

Highlights

  • New 2022 construction
  • Quick Quack Car Wash recently signed a brand-new 20-year lease with 3 (5-year) options
  • Lease features 10% rental increases throughout the initial term and at each option period
  • Absolute NNN with zero landlord responsibilities
  • Corporate guarnatee by QQ Operating Holding Company, LLC & Quick Quack Car Wash Holdings, LLC

Location Description

Quick Quack Car Wash is strategically located near the signalized, hard corner intersection of North Main Street and West Parkridge Avenue with access to a combined 41,700 vehicles per day. The site benefits from excellent visibility via significant street frontage, multiple points of ingress/egress, as well as nearby direct on/off ramp access to two major freeways, Interstate 15 (157,000 VPD)...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Quick Quack Car Wash is a growing chain of exterior-only express car washes. Developed in 2004, it has grown from a local car wash in Sacramento, CA to the fourth largest car wash in the nation....


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 12,324 117,705 269,644
2023 Total Population : 12,123 116,481 266,928
2023 Employed Civilian Pop : 6,236 55,779 131,061
2023 Total Businesses : 1,134 6,210 9,871
2023 Average Household Income : $ 96,587 $ 109,132 $ 130,312
2023 Total Consumer Spending : $ 342 M $ 3236 M $ 8632 M
2023 Median Age : 34 34 34
2023 Total Households : 4,135 34,529 77,906
2023 Pop Age 25+: Bachelor's Degree : 1,638 12,244 36,070
2023 Average Home Value : $ 518,497 $ 566,220 $ 602,321
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Main St Cota St 2007 29,200 0.01 mi
W Parkridge Ave N Main St 2009 8,300 0.06 mi
E Parkridge Ave Corona Ave 2007 12,400 0.16 mi
Hamner Ave N Main St 2007 29,300 0.17 mi
N Main St W Parkridge Ave 2007 22,900 0.25 mi
Yuma Dr Hamner Ave 2008 28,000 0.28 mi
River Rd Headwater Rd 2008 8,800 0.30 mi
Corona Ave Gilmore Dr 2009 2,800 0.32 mi
Mountain Ave 1st St 2006 8,150 0.33 mi
I- 15 Corona Ave 2012 156,000 0.35 mi

Listing Broker

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