Listed by CBRE - Orange County
$1,794,000
Quick Quack
Details
Property Type Retail
Sub Type Commercial
Square Footage 4,027
Cap Rate 5.10%
NOI $91,497
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Remaining Term 10
Price per SqFt $445
Parking Spaces 13 spaces
Parking per 1,000 SqFt 3.23
Ground Lease No
Retail | 5.10% CAP | 4,027 SqFt
Investment highlights
- Term Remaining: 10+ Years
- 4% Annual Increases
- Dominant Express Car Wash Brand – Founded in 2004, Quick Quack Car Wash has grown into one of the largest express car wash chains in the United States, operating over 340 locations across California, Arizona, Colorado, Texas, Utah, Oklahoma, Nevada, and Washington
- Outstanding Placer.ai Data – According to Placer.ai, this Quick Quack location ranks in the top 8% nationwide within the chain for visits and in the top 19% across California. This positions the site as one of the top-performing car washes within the entire Quick Quack chain
- Long Term, Corporate NNN Ground Lease – Quick Quack Car Wash has been at this location since 2008 and operates on an Absolute NNN Ground Lease, the most secure form of real estate investment (December 2036 expiration), with two, 10-year options to renew
- Exceptional Income Growth – Due to rare annual rent increases throughout the base term and options (CPI, minimum 4%), the NOI is projected to grow approximately $38,730 (42%) over a 10-year hold period
- Below Market Rent – Quick Quack Car Wash’s ground rent is well approximately 40% below market, producing low tenant occupancy costs and future mark-to-market rent potential at lease expiration
- High Traffic, Convenient Location – Excellent signalized corner location just off Northgate Blvd (±26,800 CPD) at the intersection of San Juan Rd (±14,400 CPD), immediately south of Interstate 80 (±146,700 CPD), positioning the property for strong traffic flows and convenient access
Listing Contacts
Listed by CBRE - Orange County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$91,497.00
$7,624.75/mo
Valuation Metrics
0
DSCR
5.1%
Cap Rate
5.1%
ROI
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