Hemet, CA - 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 Hemet, California. 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 West Stetson Avenue, a primary east–west retail corridor serving the City of Hemet with approximately 23,300 vehicles per day. West Stetson Avenue is the major retail thoroughfare serving the Hemet trade area and provides direct connectivity to State Highways 74 and 79, each carrying approximately 28,500 vehicles per day. The Super Star Car Wash is positioned near Village West Shopping Center, a dominant retail center featuring national and credit tenants including Ross Dress for Less, Stater Bros., Marshalls, Five Below, Petco, and Popeyes. The asset is adjacent to KPC Towne Centre and Hemet Valley Mall, two of the area’s primary retail destinations anchored by Target and Lowe’s and featuring additional national retailers, restaurants, and service-oriented uses. The property is located within the center of Hemet’s primary retail corridor with other nearby national and credit tenants including Walmart Supercenter, WinCo Foods, Tractor Supply, CVS Pharmacy, Walgreens, Dollar Tree, Michaels, and more, further increasing consumer traffic to the site. The subject property is in close proximity to Hemet Global Medical Center, a full-service regional hospital serving the San Jacinto Valley. The 5-mile trade area is supported by a population of over 155,000 residents with an average household income of approximately $85,000.

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Listing ID: a28TP000002ECOLYA4