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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 $8,716,834 CAD at a 5.50% Cap Rate in Los Angeles, CA 90062
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
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 | $8,716,834 CAD | Lot Size | 0.56 AC |
| Price Per SF | $1,254.76 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
|
| Building Class | C | ||
| Zoning | C2-1-CPIO | ||
| Price | $8,716,834 CAD |
| Price Per SF | $1,254.76 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 |
| Zoning | C2-1-CPIO |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5021-007-038 | Improvements Assessment | $2,112,859 CAD |
| Land Assessment | $10,200,013 CAD | Total Assessment | $12,312,872 CAD |
Property Taxes
Parcel Number
5021-007-038
Land Assessment
$10,200,013 CAD
Improvements Assessment
$2,112,859 CAD
Total Assessment
$12,312,872 CAD
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1640 W Martin Luther King Jr Blvd - Super Star Car Wash | Near USC (48k Students)
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