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Car Wash

Super Star Car Wash | 20-Year Absolute NNN Lease | Corp Guarantee (75+ locations)

3225 Centennial Blvd, Colorado Springs, CO 80907

Listing Price: $6,000,000

Cap Rate
6.00%
Tenant Name
Super Star Car Wash
Years Remaining On Lease
20.0
Gross SF
5,606
Guarantor
Corporate Guarantee
Rentable SF
5,606
Price/Gross SF
$1,070.28
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$64.22

Investment Overview

Marcus & Millichap is pleased to present for sale Super Star Car Wash in Colorado Springs, Colorado. Super Star Car Wash offers full service and express car washes in Arizona, California, Colorado, and Texas. Founded in 1993, Super Star Car Wash operates over 75 locations with 20 additional locations under construction.

The Colorado Springs metro contains a population of approximately 755,000 people. Colorado Springs is the largest city, with around 461,000 residents, followed by Security-Widefield and Fountain. The population in the metro is expected to grow by 49,000 residents through 2026.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 10 Percent Rental Increases Every Five Years
  • Situated Immediately Off Interstate 25, a Major Connector with Direct Access to Denver and Downtown Colorado Springs ( Approximately 141,000 Cars per Day )
  • Property Qualifies for 80 Percent Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation
  • Shared Ingress/Egress with Circle K at Signalized Intersection of Centennial Blvd and W Fillmore St (Combined 32,890 Cars Per Day)
  • Directly Adjacent to King Soopers Supermarket and Colorado Springs Veterans Administration Center
  • 182,636 Residents within a Five-Mile Radius - Households Projected to Increase Over Three-and-a-Half Percent in the Immediate Area by 2027
  • Central Colorado Springs Location Between Colorado College and University of Colorado Colorado Springs Campus

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Car Wash

Super Star Car Wash | 20-Year Absolute NNN Lease | Corp Guarantee (75+ locations)

Listing Price: $6,000,000

Cap Rate
6.00%
Tenant Name
Super Star Car Wash
Years Remaining On Lease
20.0
Gross SF
5,606
Guarantor
Corporate Guarantee
Rentable SF
5,606
Price/Gross SF
$1,070.28
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$64.22

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 10 Percent Rental Increases Every Five Years
  • Situated Immediately Off Interstate 25, a Major Connector with Direct Access to Denver and Downtown Colorado Springs ( Approximately 141,000 Cars per Day )
  • Property Qualifies for 80 Percent Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation
  • Shared Ingress/Egress with Circle K at Signalized Intersection of Centennial Blvd and W Fillmore St (Combined 32,890 Cars Per Day)
  • Directly Adjacent to King Soopers Supermarket and Colorado Springs Veterans Administration Center
  • 182,636 Residents within a Five-Mile Radius - Households Projected to Increase Over Three-and-a-Half Percent in the Immediate Area by 2027
  • Central Colorado Springs Location Between Colorado College and University of Colorado Colorado Springs Campus

Investment Overview

Marcus & Millichap is pleased to present for sale Super Star Car Wash in Colorado Springs, Colorado. Super Star Car Wash offers full service and express car washes in Arizona, California, Colorado, and Texas. Founded in 1993, Super Star Car Wash operates over 75 locations with 20 additional locations under construction. The Colorado Springs metro contains a population of approximately 755,000 people. Colorado Springs is the largest city, with around 461,000 residents, followed by Security-Widefield and Fountain. The population in the metro is expected to grow by 49,000 residents through 2026.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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