Listed by Marcus & Millichap - Orange County
$6,949,800
Quick Quack Car Wash | Henderson, NV
Details
Property Type Retail, Special Purpose
Sub Type Convenience Store, Gas Station
Square Footage 11,987
Net Rentable (SqFt) 11,987
Cap Rate 5.18%
NOI $360,000
Occupancy 100%
Tenancy Single
Brand/Tenant Quick Quack Car Wash
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 10/31/2045
Remaining Term 19.3
Rent Bumps Yes
Lease Options Four, 5-Year Options
Class A
Year Built 2002
Year Renovated 2026
Buildings 1
Acreage 1.350
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/18/2025
Ground Lease No
Ownership Fee Simple
Retail | 5.18% CAP | 11,987 SqFt
Marketing description
The subject Property is a brand new Quick Quack Car Wash. The property is undergoing a full conversion from a former CVS. Quick Quack Car Wash signed a twenty-year triple net lease with 10% increases every five years and in each of the four, five-year options.
Investment highlights
- Brand-new construction Quick Quack Car Wash featuring a 20-year absolute triple-net lease — an extremely rare fee-simple ownership structure that qualifies for bonus depreciation, providing significant tax benefits alongside stable, long-term cash flow. Nevada is one of seven states with no state income tax.
- Strategically positioned on a prime signalized corner with traffic counts exceeding 40,000 vehicles per day (VPD). Immediate proximity to an outstanding lineup of national credit tenants, including Sprouts Farmers Market, Target, Wells Fargo, Chase Bank, Carl's Jr., Walgreens, AutoZone, and Chevron, driving consistent consumer traffic.
- Located along a major thoroughfare surrounded by dense residential neighborhoods, including a high-end area immediately to the south with numerous homes valued over $1 million. This affluent, family-oriented demographic is perfectly aligned with Quick Quack's target audience.
- Henderson ranks among the most desirable suburbs in the Las Vegas Valley, with robust population and income metrics: more than 295,000 residents within a 5-mile radius and an average household income of approximately $105,000. These demographics underpin sustained demand for premium, convenient services like car washes.
- Quick Quack Car Wash is the fourth-largest express car wash operator in the United States, currently operating more than 340 locations. The brand spans key Western and Southwestern markets, including California, Colorado, Oklahoma, Utah, Texas, Nevada, Arizona, and Washington.
- Quick Quack benefits from strategic partnerships with top-tier private equity investors: Seidler Equity Partners (a long-standing backer with focused expertise in consumer growth platforms) and KKR (a global investment firm with over $700 billion in assets under management). KKR's $850 million strategic investment (announced in 2024) is dedicated to accelerating expansion through greenfield development, add-on acquisitions, enhanced brand marketing, and ongoing investments in talent, systems, and operational infrastructure to build a dominant multi-state platform.
- Quick Quack operates a state-of-the-art manufacturing facility in Sacramento, leveraging proprietary equipment to ensure superior quality, efficiency, and consistency across its operations.
- The company utilizes an advanced water reclamation system that filters and reuses water, significantly reducing consumption and underscoring Quick Quack's strong commitment to environmental sustainability.
- Henderson represents a highly attractive yet protected market with substantial barriers to entry. Potential competitors face significant challenges obtaining conditional use permits due to strict local limits on new carwash developments.
Listing Contacts
Listed by Marcus & Millichap - Orange County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$360,000.00
$30,000.00/mo
Valuation Metrics
0
DSCR
5.18%
Cap Rate
5.18%
ROI
Map
Zoning
CC-MP OverlayCommunity Commercial Master Plan Development Overlay District
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View all 173 uses Last updated Apr 21, 2026 For deeper zoning details, reports are available at Zoneomics
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