Covina, CA - Quick Quack Car Wash

Description:

SRS Real Estate Partners is pleased to present the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground-leased Quick Quack Car Wash investment property located in Covina, CA (Los Angeles-Long Beach-Anaheim MSA). The tenant has more than 19 years of primary lease term remaining with two (2) 5-Year and one (1) 4.92-Year renewal options, providing stable in-place income and long-term extension potential. The lease features scheduled 10% rental increases every 5 years throughout the primary term and at the beginning of each renewal option, supporting NOI growth and providing a hedge against inflation. The lease is signed by Quick Quack Car Wash Holdings, LLC, the operating company for Quick Quack Car Wash, one of the largest express car wash operators in the United States. The absolute NNN ground lease structure provides zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive or out-of-state investor.

The property benefits from strong frontage along E Arrow Highway (26,000 VPD), a key local arterial providing excellent visibility and exposure. The site is surrounded by numerous national retailers, including Walmart Supercenter, Lowe’s, and CVS, creating strong retail synergy and driving consistent consumer traffic throughout the corridor. The 5-mile trade area is supported by more than 357,700 residents and 118,100 employees, with an average household income of $136,155.

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Listing ID: a28TP000003X2ZBYA0