Absolute Net Ground Lease | Quick Quack Car Wash
New Quick Quack | Absolute Net 20-Year Ground Lease | West Sacramento, CA
Marketing description
As the exclusive agent, Gallelli Real Estate presents the leased fee interest of a brand new Quick Quack Car Wash absolute net ground lease located at 752 Ikea Court, West Sacramento, CA 95605 (The Property). The Property sits just off Interstate 80, within the Riverpoint Marketplace, a super-regional power center anchored by a Walmart Supercenter, Home Depot, and IKEA.
Investment highlights
Corporate guaranteed 20 year ground lease with 10% scheduled rental increases every 5 years.
Absolute net lease means zero financial responsibility for landlord.
Located in Riverpoint Marketplace, a 1.1 million square foot superregional power center anchored by a Walmart Supercenter, Home Depot, IKEA, and Ross Dress for Less.
The Property’s parcel totals 2.18 acres (94,961 SF), nearly twice the average size of a Quick Quack parcel. At the purchase price, this equates to only $38.96/SF on the land.
The Property is highway visible from Interstate 80 and sees over 115,400 vehicles per day at Reed Avenue.
West Sacramento has a retail vacancy rate of 2.6%, which ranks as second lowest in the Sacramento Region.
Riverpoint Marketplace sees over 7 million visits annually, ranking it in the top 30% of power centers nationwide.
Average Household Income of $124,835 within a 5-mile radius from The Property.
Site improvements include a dedicated 2500 Amp transformer that provides electrical service for six third party owned EV charging stations
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