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29795349
29795369

6 Locations

SS
CA 02116683, UT 14240070-PB00 (+3)
Arsenal Real Estate Advisors
HS
CA CA 02092776
Arsenal Real Estate Advisors
Listed by Arsenal Real Estate Advisors
$55,755,000
109 days on market
Updated 18 days ago
Opportunity zone

Sudzy Salmon Car Wash Portfolio

Details
Property Type Retail, Special Purpose
Sub Type Car Wash, Gas Station
Cap Rate 6.75%
NOI $3,763,440
Occupancy 100%
Tenancy Single
Brand/Tenant Sudzy Salmon Car Wash
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 05/31/2041
Remaining Term 15
Rent Bumps Yes
Buildings 7
Investment Type Sale/Leaseback
Lease Commencement 05/31/2026
Ground Lease No
Ownership Fee Simple
Sale Condition Sale for leaseback

20-Year NNN Sale-Leaseback | 2.00% Annual Increases

Marketing description

Sudzy Salmon Car Wash is the leading express-tunnel car wash operator in Alaska and the only scaled platform serving the Anchorage metropolitan area—home to ~400,000 residents, representing 50% of the state’s population. The portfolio includes six newly built or recently remodeled express tunnels across Anchorage, Eagle River, Palmer, and Wasilla, with a seventh development ready site. Each property is positioned along major, high-traffic commuter corridors with daily counts ranging from ±12,900 to ±36,400 vehicles per day and benefits from Alaska’s optimal car-wash climate, characterized by heavy snowfall, freeze-thaw cycles, and year-round road grime that drives consistent wash demand. The portfolio will be offered under a single, long-term absolute NNN master lease, backed by Sudzy Salmon Car Wash Operations, LLC. The tenant exhibits strong financial performance, robust subscription-based recurring revenue, and proven wash volumes that significantly exceed typical market averages. Two locations include sub-leased Three Bears/Shell C-store and fuel pads, adding tenancy diversification and credit enhancement. This portfolio represents a rare opportunity to acquire best-in-class express wash assets in a high-barrier-to-entry market with exceptional long-term growth potential.

Investment highlights

  • Sudzy Salmon Car Wash | Premier Market-Dominant Operator

  • 20 Year Absolute NNN Sale-Leaseback with 2.00% Annual Rent Increases

  • Ideal Climate for Robust Car Wash Demand

  • Accelerated & Bonus Depreciation Eligible

  • High Performance Locations | Exceptional Rent Coverage

  • Membership-Driven Revenue Model

  • High-Barrier-to-Entry Market

Listing Contacts

SS
CA 02116683, UT 14240070-PB00 (+3)
Arsenal Real Estate Advisors
HS
CA CA 02092776
Arsenal Real Estate Advisors
Listed by Arsenal Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$3,763,440.00
$313,620.00/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Kristen Zimmerman
License
AK #168937
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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