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Car Wash

Quick Quack Car Wash Ground Lease

6004 N Mesa St, El Paso, TX 79912

Listing Price: $2,523,000

Cap Rate
5.35%
Tenant Name
Quick Quack Car Wash
Years Remaining On Lease
13.7
Gross SF
4,162
Guarantor
Corporate Guarantee
Rentable SF
4,162
Price/Gross SF
$606.20
Lease Type
NNN Ground Lease
Rent Per Square Feet
$32.44

Investment Overview

Marcus & Millichap is pleased to present for sale Quick Quack Car Wash in El Paso, Texas. Quick Quack Car Wash is a growing chain of exterior-only express car washes. The company launched in 2004 in Sacramento, California. Today, Quick Quack Car Wash is headquartered in Roseville, California and operates over 240 locations in California, Texas, Colorado, Arizona, and Utah, making it the fourth-largest car wash chain in the United States.

El Paso, the county seat of El Paso County, is the second-largest city in the Southwest United States. The city of El Paso is home to the largest metro area that runs along the Texas-Mexico border and is a top 20% U.S. performing economy. As one of the most expansive manufacturing centers in North America and home to the greatest bilingual and bi-cultural workforce of the Western Hemisphere, El Paso is a recognized global economic competitor.

Investment Highlights

  • 15-Year Absolute Triple-Net (NNN) Ground Lease
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Corporate Guaranty by Quick Quack Car Wash - Driven Brands (NASDAQ: DRVN), the Largest Automotive Services Company in North America, Also Guarantees the Lease Until September 2027
  • 171,746 Residents Within a Five Mile Radius - Growing El Paso Trade Area
  • High-Quality 2023 Construction
  • Located at a High Traffic Intersection with Over 57,000 Cars per Day at the Corner of Sunland Park Drive/Shadow Mountain Drive and North Mesa Street
  • Surrounded by National Tenants: Burlington, Harbor Freight Tools, Starbucks, Taco Bell, Goodwill, and More
  • Average Household Income Exceeds $97,000 within a Three Mile Radius

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Car Wash

Quick Quack Car Wash Ground Lease

Listing Price: $2,523,000

Cap Rate
5.35%
Tenant Name
Quick Quack Car Wash
Years Remaining On Lease
13.7
Gross SF
4,162
Guarantor
Corporate Guarantee
Rentable SF
4,162
Price/Gross SF
$606.20
Lease Type
NNN Ground Lease
Rent Per Square Feet
$32.44

Investment Highlights

  • 15-Year Absolute Triple-Net (NNN) Ground Lease
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Corporate Guaranty by Quick Quack Car Wash - Driven Brands (NASDAQ: DRVN), the Largest Automotive Services Company in North America, Also Guarantees the Lease Until September 2027
  • 171,746 Residents Within a Five Mile Radius - Growing El Paso Trade Area
  • High-Quality 2023 Construction
  • Located at a High Traffic Intersection with Over 57,000 Cars per Day at the Corner of Sunland Park Drive/Shadow Mountain Drive and North Mesa Street
  • Surrounded by National Tenants: Burlington, Harbor Freight Tools, Starbucks, Taco Bell, Goodwill, and More
  • Average Household Income Exceeds $97,000 within a Three Mile Radius

Investment Overview

Marcus & Millichap is pleased to present for sale Quick Quack Car Wash in El Paso, Texas. Quick Quack Car Wash is a growing chain of exterior-only express car washes. The company launched in 2004 in Sacramento, California. Today, Quick Quack Car Wash is headquartered in Roseville, California and operates over 240 locations in California, Texas, Colorado, Arizona, and Utah, making it the fourth-largest car wash chain in the United States. El Paso, the county seat of El Paso County, is the second-largest city in the Southwest United States. The city of El Paso is home to the largest metro area that runs along the Texas-Mexico border and is a top 20% U.S. performing economy. As one of the most expansive manufacturing centers in North America and home to the greatest bilingual and bi-cultural workforce of the Western Hemisphere, El Paso is a recognized global economic competitor.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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