San Bernardino, CA - Quick Quack Car Wash (Hospitality Ln)

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Quick Quack Car Wash investment property located in San Bernardino, California. The tenant, Quick Quack Car Wash Holdings, LLC recently signed a brand new 20-year lease, with 2 (5-Year), 1 (4 Year, 11 Month) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Quick Quack Car Wash is located along E. Hospitality Lane (27,310 VPD), the dominant retail thoroughfare serving the Hospitality Lane corridor in San Bernardino, with immediate access to S. Tippecanoe Avenue (40,800 VPD) and Interstate 10 (230,000 VPD). The property is an outparcel to the Northpointe retail project, which features national/credit tenants including Starbucks, Panera, and Jack in the Box pads. The asset sits within a dense big-box power-center node anchored by Costco and Sam’s Club, with surrounding national retailers including The Home Depot, Best Buy, and PetSmart. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Costco, In-N-Out, Chick-fil-A, Raising Cane’s, Dutch Bros, Verizon, and more, further increasing consumer traffic to the site. The subject property is in close proximity to Loma Linda University Health (1,046 licensed beds), the largest medical provider and only Level I Trauma Center in the Inland Empire. The 5-mile trade area is supported by a population of more than 266,000 with over 130,000 daytime employees.

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