Lemon Grove CA - Quick Quack Car Wash

Description:

New Construction | 20-Year Ground Lease | Scheduled Rent Increases
Quick Quack Car Wash Corporate signed lease
New 2026 high-end construction equipped with 3 car-wash lanes
20 years remaining with 3 (5-year) option periods to extend
The lease features 10% rent increases every 5 years throughout the initial term and option periods providing a hedge against inflation

Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
No landlord responsibilities
Ideal, management-free investment for a passive investor

Strong Growing Company & Business Model.
Quick Quack Car Wash is one of the largest and fastest-growing car wash chains in the US, with over 340 locations across multiple states.
In 2024, global investment firm KKR bought a significant minority stake of $850 million in Quick Quack.
Quick Quack emphasizes a fast, high-quality, and environmentally friendly car washing system using neoprene foam, soft cloth, and filtered, recycled water.

Strategic Location | Robust Traffic | Highly Desirable In-fill San Diego Market
Strategically located at the signalized intersection of Broadway and Buena Vista Avenue in Lemon Grove, in a densely populated area surrounded by strong national retail tenants with excellent access and visibility
A combined 34,200 cars pass by the site at this intersection on average every day
Situated 1 block south of Highway 94 (148,000 VPD).
Rare opportunity to acquire retail property in the San Diego MSA within a dense, infill trade area with significant barriers to entry.
Affluent, Direct Consumer Base | Strong Demographics In The Immediate Trade Area
The 5-mile trade area is supported by more than 514,000 residents and 114,000 employees, providing a direct consumer base from which to draw
Affluent trade area with an average household income over $119,000 within 1-mile, projected to increase to over $132,000 by 2030

Local Traffic Drivers
Across Broadway from Home Depot (ranked in the top 2% nationwide in terms of customer visits by placer.AI) and Food 4 Less (ranked in the top 26% nationwide)
1 miles south of Helix High School (2,544 students)
2.5 miles north of Mount Miguel High School (1,506 students)

Also Available for Sale.
Raising Cane’s (adjacent to property)

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Listing ID: a28TP000002les5YAA