Tucson, AZ - Super Star Car Wash

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Super Star Car Wash investment property located in Tuscon, Arizona. The tenant, Super Star Car Wash recently signed a brand new 20-year sale-leaseback with 2 (5-year) and 1 (4 Year, 11 Month) option 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 an out of state investor.

The Super Star Car Wash is located along East Valencia Road, a major retail thoroughfare serving the City of Tucson with approximately 46,400 vehicles per day. East Valencia Road is a primary east–west arterial providing direct access to Interstate 10, which carries approximately 80,300 vehicles per day. The Super Star Car Wash is positioned near a Walmart Neighborhood Market–anchored retail corridor that also features national and credit tenants including McDonald’s, Burger King, Wendy’s, Circle K, and Dollar General. The asset is adjacent to Business Park of the Desert, a large employment and industrial hub supporting strong daytime traffic. In addition, the property is in close proximity to multiple Amazon distribution facilities and Tucson International Airport, further increasing traffic volumes to the site. The property is situated within a primary retail corridor with other nearby national and service-oriented tenants, further enhancing consumer traffic to the site. The subject property is located near major employment and logistics drivers serving the Tucson MSA. The 5-mile trade area is supported by a population of over 128,000 residents with an average household income of approximately $78,900.

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Listing ID: a28TP000002EBGzYAO