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1640 W Martin Luther King Jr Blvd - Super Star Car Wash | Near USC (48k Students) 6,947 SF Specialty Building Offered at $8,707,861 CAD at a 5.50% Cap Rate in Los Angeles, CA 90062

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Investment Highlights

20-Year Sale-Leaseback | 10% Scheduled Rental Increases
University Location | 1 Mile from the University of Southern California
Dense Infill Retail | Strong National & Credit Tenant Synergy

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Prime Los Angeles Location | High Traffic Urban Corridor
Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Super Star Car Wash investment property located in Los Angeles, California. The tenant, Super Star Car Wash recently signed a brand new 20-year sale-leaseback with 2 (5-year) and 1 (4 Year, 11 Month) option to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Mister Car Wash, Take 5 Express, Caliber Car Wash, Tommy’s Express, Splash, Zips, Autobell, Quick Quack, True Blue, Driven Brands, Wash Depot, White Water, El Car Wash

Property Facts

Price	$8,707,861 CAD	Lot Size	0.56 AC
Price Per SF	$1,253.47 CAD	Building Size	6,947 SF
Sale Type	Investment	No. Stories	1
Cap Rate	5.50%	Year Built/Renovated	1964/2023
Sale Condition	Sale Leaseback	Tenancy	Single
Property Type	Specialty	Parking Ratio	2.16/1,000 SF
Property Subtype	Car Wash	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C
Zoning	C2-1-CPIO

Price	$8,707,861 CAD
Price Per SF	$1,253.47 CAD
Sale Type	Investment
Cap Rate	5.50%
Sale Condition	Sale Leaseback
Property Type	Specialty
Property Subtype	Car Wash
Building Class	C
Lot Size	0.56 AC
Building Size	6,947 SF
No. Stories	1
Year Built/Renovated	1964/2023
Tenancy	Single
Parking Ratio	2.16/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C2-1-CPIO