Imperial, CA - Quick Quack Car Wash

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, freestanding, newly constructed Quick Quack Car Wash investment property located in Imperial, California. The tenant recently signed a brand new 20-year lease with 4 (5-year) 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, growing NOI and hedging against inflation. The lease is absolute NNN, making this an ideal, management free investment opportunity for a passive investor. Quick Quack Car Wash offers lightning-fast, eco-friendly car cleaning services, utilizing state-of-the-art equipment for a spotless shine in minutes. With over 200 locations throughout the United States, it stands as one of the largest and fastest-growing car wash chains in the country.

Quick Quack Car Wash is strategically located along N. Imperial Ave., a major retail and commuter thoroughfare, with an average of 21,000 vehicles passing by daily. The investment is situated directly across from Frank Wright Middle School, Imperial’s largest middle school enrolling over 1,000 students, providing a direct consumer base from which to draw. Additionally, the asset is adjacent to Starbucks and McDonald’s, increasing consumer traffic to the area. This Quick Quack Car Wash benefits from limited competition as it is the only Quick Quack Car Wash in a 7.50-mile radius. The property benefits from excellent visibility and access via significant street frontage, multiple points of ingress/egress, and a large monument sign. The 5-mile trade area is supported by more than 47,900 residents and 17,900 daytime employees. Residents within 3-mile of the subject property boast a healthy average household income of $103,229.