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Car Wash

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

4861 S Val Vista Dr, Gilbert, AZ 85298

Listing Price: $5,866,667

Cap Rate
6.00%
Tenant Name
Super Star Car Wash
Years Remaining On Lease
20.0
Gross SF
4,353
Guarantor
Corporate Guarantee
Rentable SF
4,353
Price/Gross SF
$1,347.73
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$80.86

Investment Overview

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.

As part of the Phoenix MSA, Gilbert, Arizona has evolved into one of the fastest growing communities and the largest town in the United States. Encompassing 72.6 square miles, just southeast of Phoenix, Gilbert has transformed from an agricultural community to a thriving and economically-diverse suburban community.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 10 Percent Rental Increases Every Five Years
  • 246,656 Residents Within a Five-Mile Radius in the Phoenix MSA
  • Property Qualifies for 80 Percent Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation
  • Rapidly Growing Trade Area with Households and Population Projected to Increase 23 Percent in the Immediate Area by 2027
  • More than 43,000 Cars per Day at the Corner of Val Vista Drive and Queen Creek Road
  • Average Household Income Exceeds $158,000 Within a Three-Mile Radius
  • Surrounded by New Development and Major National Retailers, Including Planet Fitness, Jack in the Box, McDonald's, Black Rock Coffee, and More

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Car Wash

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

Listing Price: $5,866,667

Cap Rate
6.00%
Tenant Name
Super Star Car Wash
Years Remaining On Lease
20.0
Gross SF
4,353
Guarantor
Corporate Guarantee
Rentable SF
4,353
Price/Gross SF
$1,347.73
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$80.86

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 10 Percent Rental Increases Every Five Years
  • 246,656 Residents Within a Five-Mile Radius in the Phoenix MSA
  • Property Qualifies for 80 Percent Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation
  • Rapidly Growing Trade Area with Households and Population Projected to Increase 23 Percent in the Immediate Area by 2027
  • More than 43,000 Cars per Day at the Corner of Val Vista Drive and Queen Creek Road
  • Average Household Income Exceeds $158,000 Within a Three-Mile Radius
  • Surrounded by New Development and Major National Retailers, Including Planet Fitness, Jack in the Box, McDonald's, Black Rock Coffee, and More

Investment Overview

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. As part of the Phoenix MSA, Gilbert, Arizona has evolved into one of the fastest growing communities and the largest town in the United States. Encompassing 72.6 square miles, just southeast of Phoenix, Gilbert has transformed from an agricultural community to a thriving and economically-diverse suburban community.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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