Victorville, 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 Victorville, 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 Bear Valley Road, a primary east–west retail corridor serving the City of Victorville with approximately 45,800 vehicles per day. Bear Valley Road is the major retail thoroughfare serving the Victor Valley region and provides direct connectivity to Interstate 15, which carries approximately 115,000 vehicles per day. The Super Star Car Wash is positioned near The Mall of Victor Valley, a dominant regional shopping destination anchored by Macy’s and Dick’s Sporting Goods and featuring additional national and credit tenants including Barnes & Noble, Best Buy, Cinemark, and Foot Locker. The asset is also in close proximity to several large-format and daily-needs retailers including Walmart Supercenter, Lowe’s, Home Depot, Kohl’s, Vons, Ross Dress for Less, Petco, and Smart & Final. In addition, the property is near major employment and logistics drivers, including an Amazon Warehouse, which further increases daytime population and consumer traffic to the area. The subject property is located within the center of Victorville’s primary retail corridor with numerous additional national and regional tenants, restaurants, hotels, and service-oriented uses that support strong traffic volumes and consistent cross-shopping to the site. The 5-mile trade area is supported by a population of over 204,000 residents with an average household income of approximately $97,000, further supporting long-term consumer demand and site performance.

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