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Quick Quack Car Wash (GL)
309 Panno Drive, Brawley, CA 92227
$2,805,000
Cap Rate 5.35%
Summary
| 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...
...Features
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New construction
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Signalized intersection
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Hard corner intersection
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Dense retail corridor
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Near major nationals
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Strategically located
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Brand new lease
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Long 15+ yr lease
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Absolute NNN
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Corporate Guarantee
...
Maps
Tenant
- 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....
...
Demographics
| 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 |
Traffic
| 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 |
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