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3285 W Stetson Ave - Corp Super Star Car Wash | 20yr Abs NNN SLB 4,566 SF Specialty Building Offered at $6,864,900 CAD at a 5.50% Cap Rate in Hemet, CA 92545
Investment Highlights
- 20-Year Sale-Leaseback | 10% Scheduled Rental Increases
- Prime Hemet Location | Strong Traffic & Access
- Strong Demographics In 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Surrounded by Major National & Credit Retailers
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 Hemet, 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 | $6,864,900 CAD | Building Class | C |
| Price Per SF | $1,503.48 CAD | Lot Size | 0.88 AC |
| Sale Type | Investment | Building Size | 4,566 SF |
| Cap Rate | 5.50% | No. Stories | 1 |
| Sale Condition | Sale Leaseback | Year Built | 2024 |
| Property Type | Specialty | Parking Ratio | 5.04/1,000 SF |
| Property Subtype | Car Wash | ||
| Zoning | M-1 - Limited Manufacturing | ||
| Price | $6,864,900 CAD |
| Price Per SF | $1,503.48 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Sale Condition | Sale Leaseback |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.88 AC |
| Building Size | 4,566 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Parking Ratio | 5.04/1,000 SF |
| Zoning | M-1 - Limited Manufacturing |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 460-150-047 | Improvements Assessment | $2,746,212 CAD |
| Land Assessment | $1,267,483 CAD | Total Assessment | $4,013,695 CAD |
Property Taxes
Parcel Number
460-150-047
Land Assessment
$1,267,483 CAD
Improvements Assessment
$2,746,212 CAD
Total Assessment
$4,013,695 CAD
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3285 W Stetson Ave - Corp Super Star Car Wash | 20yr Abs NNN SLB
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