Car Wash
Cobblestone Auto Spa Ground Lease
Lindsay Road & Germann Road, Gilbert, AZ 85297
Listing Price: $2,286,000
Investment Overview
Marcus & Millichap is pleased to present for sale Cobblestone Auto Spa, located in Gilbert, Arizona. Founded in Arizona in 1997, Cobblestone is a premier car care destination with roughly 112 locations throughout Arizona and Colorado. Cobblestone's goal is to deliver a fast, high quality to its customers, while at the same time delivering excellent customer service.
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.
Cobblestone Auto Spa Ground Lease
Investment Highlights
- Brand New 20-Year Absolute Triple-Net (NNN) Ground Lease - 2025 Construction
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- High-Traffic Location at the Corner of Lindsay and Germann Roads - 54,350+ Combined Cars per Day
- 314,534 Residents within a Five-Mile Radius - Growing Trade Area in the Phoenix MSA
- Households and Population Projected to Increase Roughly 13 Percent within One Mile by 2029
Listing Price: $2,286,000
Investment Highlights
- Brand New 20-Year Absolute Triple-Net (NNN) Ground Lease - 2025 Construction
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- High-Traffic Location at the Corner of Lindsay and Germann Roads - 54,350+ Combined Cars per Day
- 314,534 Residents within a Five-Mile Radius - Growing Trade Area in the Phoenix MSA
- Households and Population Projected to Increase Roughly 13 Percent within One Mile by 2029
Investment Overview
Marcus & Millichap is pleased to present for sale Cobblestone Auto Spa, located in Gilbert, Arizona. Founded in Arizona in 1997, Cobblestone is a premier car care destination with roughly 112 locations throughout Arizona and Colorado. Cobblestone's goal is to deliver a fast, high quality to its customers, while at the same time delivering excellent customer service. 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.
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