Views: 0 DOM: 39 Updated: 11.07.23 Posted: 11.02.23 Status: Active


Price $2,805,000
Built/Renov 2023
Tenant Quick Quack Car Wash (GL)
Cap Rate 5.35%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,596
Lease Start 09-28-2023
#Units 192
Price/SF $780.03
Expiration 09-27-2043
Tenant Type Automotive
NOI $150,000
R. Term 19.9
Ownership Ground Lease
Rent/SF $41.71
Increases 10.0%/5/yrs
Pop 5Mi 26,561
Lot/AC 0.85
Options 4/5yrs/10%
AHHI 5Mi $66,976

Lease Highlights

  • Quick Quack Car Wash recently signed a brand new 20-year ground lease with 4 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Quick Quack Car Wash Holdings, LLC

Location Description

Quick Quack Car Wash is strategically located on Meridian East, with excellent visibility and access to 20,000 vehicles passing by daily. The immediate vicinity features national tenants such as Walmart, 7-Eleven, Starbucks, and Taco Bell, among others. The property is conveniently adjacent to the Florentine development, which includes 160 condominiums. Additionally, it is in close proximity...



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  • Tenant: Quick Quack Car Wash
  • Guarantor:Corporate
  • Company:Quick Quack Car Wash Holdings
  • # Units:192
  • Stock:Private

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....



  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,635 26,909 27,501
2023 Total Population : 3,612 26,705 27,258
2023 Employed Civilian Pop : 867 8,084 8,335
2023 Total Businesses : 35 614 661
2023 Average Household Income : $ 49,816 $ 81,770 $ 82,461
2023 Total Consumer Spending : $ 51 M $ 600 M $ 619 M
2023 Median Age : 32 32 32
2023 Total Households : 1,147 8,369 8,549
2023 Pop Age 25+: Bachelor's Degree : 102 2,166 2,217
2023 Average Home Value : $ 207,434 $ 289,664 $ 293,683
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
S Best Ave I St 2004 7,500 0.98 mi
Main St Norman Ct 2004 10,700 1.06 mi
Main St S 18th St 2004 8,900 1.07 mi
Main St N Palm Ave 2004 12,300 1.09 mi
Main St N Palm Ave 2004 16,600 1.17 mi
Dogwood Rd S Imperial Ave 2007 15,000 1.17 mi
US Hwy 78 State Hwy111 2015 6,100 1.19 mi
State Rte 111 Hwy 78 2016 14,600 1.25 mi
Main St N Palm Ave 2004 21,300 1.25 mi
Main St S Plz St 2004 21,300 1.32 mi

Listing Broker

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