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29563538
29563539

3285 W Stetson Ave, Hemet, CA 92545

CS
CA 01927216
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
AC
CA 01904371
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$4,783,000
123 days on market
Updated 43 days ago

Corporate Super Star Car Wash | 20-Yr NNN

Details
APN 460-150-047
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 4,566
Units 1
Cap Rate 5.75%
NOI $275,000
Occupancy 100%
Tenancy Single
Brand/Tenant Bluewave Car Wash, Super Star Car Wash
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 2 (5-Year) 1 (4-Year & 11 Month)
Broker Co-Op Yes
Year Built 2024
Buildings 1
Stories 1
Acreage 0.880
Zoning M-1 - Limited Manufacturing
Parking Spaces 23 spaces
Parking Per SqFt 5.04
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Sale Condition Sale for leaseback

52,100 VPD | Across from Walmart Supercenter-anchored Center

Marketing description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Super Star Car Wash investment property located in Hemet, California. The tenant, Super Star Car Wash recently signed a brand new 20-year sale-leaseback with 2 (5-year) and 1 (4 Year, 11 Month) option to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Super Star Car Wash is located along West Stetson Avenue, a primary east–west retail corridor serving the City of Hemet with approximately 23,300 vehicles per day. West Stetson Avenue is the major retail thoroughfare serving the Hemet trade area and provides direct connectivity to State Highways 74 and 79, each carrying approximately 28,500 vehicles per day. The Super Star Car Wash is positioned near Village West Shopping Center, a dominant retail center featuring national and credit tenants including Ross Dress for Less, Stater Bros., Marshalls, Five Below, Petco, and Popeyes. The asset is adjacent to KPC Towne Centre and Hemet Valley Mall, two of the area’s primary retail destinations anchored by Target and Lowe’s and featuring additional national retailers, restaurants, and service-oriented uses. The property is located within the center of Hemet’s primary retail corridor with other nearby national and credit tenants including Walmart Supercenter, WinCo Foods, Tractor Supply, CVS Pharmacy, Walgreens, Dollar Tree, Michaels, and more, further increasing consumer traffic to the site. The subject property is in close proximity to Hemet Global Medical Center, a full-service regional hospital serving the San Jacinto Valley. The 5-mile trade area is supported by a population of over 155,000 residents with an average household income of approximately $85,000.

Mister Car Wash, Take 5 Express, Caliber Car Wash, Tommy’s Express, Splash, Zips, Autobell, Quick Quack, True Blue, Driven Brands, Wash Depot, White Water, El Car Wash

Investment highlights

  • 20-Year Sale-Leaseback | 10% Scheduled Rental Increases

  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

  • Prime Hemet Location | Strong Traffic & Access

  • Surrounded by Major National & Credit Retailers

  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

CS
CA 01927216
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
AC
CA 01904371
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$275,000.00
$22,916.67/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Garrett Colburn
License
CA License No. 01416734
Brokerage
SRS Real Estate Partners, LLC
Title
Broker of Record
Name
Calvin Short
License
01927216
Brokerage Phone
(949) 698-1100
Name
Matt Coates
License
CA 01980718
Name
Gary Chou
License
01911222
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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