Miscellaneous
Sun Day Carwash
363 Santa Rosa St, San Luis Obispo, CA 93405
Listing Price: $5,250,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Sun Day Carwash located at 363 Santa Rosa Street in San Luis Obispo, CA. The site consists of roughly 2,926 rentable square feet of building space on estimated 0.48-acre parcel of land. This Sun Day Carwash will be subject to a 20-year absolute triple-net (NNN) lease, which will commence upon the close of escrow. The current annual rent is $301,875 and is scheduled to increase by 2.00% annually throughout the base term and in each of the 2, 5-year renewal options.
Exclusively Listed By
Broker of Record
Listing Price: $5,250,000
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
- Zero Landlord Responsibility
- Two Percent (2.00%) Annual Rental Increases | Strong Hedge Against Inflation
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Sun Day Carwash located at 363 Santa Rosa Street in San Luis Obispo, CA. The site consists of roughly 2,926 rentable square feet of building space on estimated 0.48-acre parcel of land. This Sun Day Carwash will be subject to a 20-year absolute triple-net (NNN) lease, which will commence upon the close of escrow. The current annual rent is $301,875 and is scheduled to increase by 2.00% annually throughout the base term and in each of the 2, 5-year renewal options.
Exclusively Listed By
Broker of Record
