Auto Service - Gas-Conv

Super Star Car Wash | 20 Yr Leases | Excellent Tenant Financials

1335 W Warner Rd, Tempe, AZ 85284

Listing Price: $5,250,000

Cap Rate
5.75%
Tenant Name
Super Star Car Wash
Years Remaining On Lease
20.1
Guarantor
Corporate Guarantee
Rentable SF
3,993
Lease Type
Absolute Net
Rent Per Square Feet
$75.60

Investment Overview

Super Star Car Wash offers full service and express car washes in Arizona and California. The company has 32 car wash locations, six full service sites, four quick lube facilities, and four gas stations. Super Star Car Wash's full service locations offer gas, a convenience store, a customer lounge with amenities for children, and a full lube facility. Located just 10 minutes east of downtown Phoenix, Tempe exudes its own personality and the youthful spirit of a college town. Home to Arizona State University, the largest public university in the United States, Tempe has a vibrant downtown that’s active day and night. Visitors will find locally-owned eateries and microbreweries, annual festivals, arts and cultural events. There are plenty of opportunities to enjoy the over 300 days of sunshine a year, including biking, hiking, or paddleboarding.

Investment Highlights

  • New 20-Year Absolute Triple-Net (NNN) Lease
  • 10% Rental Increases Every 5 Years
  • 249,770 Residents within a 5-Mile Radius - Phoenix MSA
  • Excellent Tenant Financials (Inquire with Broker)
  • Growing Tempe Trade Area - Population Projected to Increase 14%+ in Immediate Area by 2025
  • 1/2 Mile Off the I-10 Freeway, a Major Connector for the Greater Phoenix Area
  • Surrounded by National Retailers - IKEA, Lowe's, Dick's Sporting Goods, Main Event, Costco, The Home Depot, and More
  • Average Household Income Exceeds $107,000 within 3 Miles of Subject Property

Exclusively Listed By

Auto Service - Gas-Conv

Super Star Car Wash | 20 Yr Leases | Excellent Tenant Financials

Listing Price: $5,250,000

Cap Rate
5.75%
Tenant Name
Super Star Car Wash
Years Remaining On Lease
20.1
Guarantor
Corporate Guarantee
Rentable SF
3,993
Lease Type
Absolute Net
Rent Per Square Feet
$75.60

Investment Highlights

  • New 20-Year Absolute Triple-Net (NNN) Lease
  • 10% Rental Increases Every 5 Years
  • 249,770 Residents within a 5-Mile Radius - Phoenix MSA
  • Excellent Tenant Financials (Inquire with Broker)
  • Growing Tempe Trade Area - Population Projected to Increase 14%+ in Immediate Area by 2025
  • 1/2 Mile Off the I-10 Freeway, a Major Connector for the Greater Phoenix Area
  • Surrounded by National Retailers - IKEA, Lowe's, Dick's Sporting Goods, Main Event, Costco, The Home Depot, and More
  • Average Household Income Exceeds $107,000 within 3 Miles of Subject Property

Investment Overview

Super Star Car Wash offers full service and express car washes in Arizona and California. The company has 32 car wash locations, six full service sites, four quick lube facilities, and four gas stations. Super Star Car Wash's full service locations offer gas, a convenience store, a customer lounge with amenities for children, and a full lube facility. Located just 10 minutes east of downtown Phoenix, Tempe exudes its own personality and the youthful spirit of a college town. Home to Arizona State University, the largest public university in the United States, Tempe has a vibrant downtown that’s active day and night. Visitors will find locally-owned eateries and microbreweries, annual festivals, arts and cultural events. There are plenty of opportunities to enjoy the over 300 days of sunshine a year, including biking, hiking, or paddleboarding.

Exclusively Listed By

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