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Miscellaneous

Sun Day Carwash

363 Santa Rosa St, San Luis Obispo, CA 93405

Listing Price: $5,250,000

Cap Rate
5.75%
Tenant Name
Sun Day Carwash Inc.
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
2,926
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$103.17

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.

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

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jim Markel

    First Vice President/Regional Manager

    (818) 212-2700

    License(s) CA: 01253407

    California

Miscellaneous

Sun Day Carwash

Listing Price: $5,250,000

Cap Rate
5.75%
Tenant Name
Sun Day Carwash Inc.
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
2,926
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$103.17

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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jim Markel

    First Vice President/Regional Manager

    (818) 212-2700

    License(s): CA: 01253407

    California

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