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3436 Northgate Blvd - Quick Quack 4,027 SF Specialty Building Offered at $2,449,994 CAD at a 5.10% Cap Rate in Sacramento, CA 95834
Investment Highlights
- Dominant Express Car Wash Brand – Founded in 2004, Quick Quack Car Wash has grown into one of the largest express car wash chains in the United States
- Long Term, Corporate NNN Ground Lease – Quick Quack Car Wash has been at this location since 2008 and operates on an Absolute NNN Ground Lease
- High Traffic, Convenient Location – Excellent signalized corner location just off Northgate Blvd (±26,800 CPD) at the intersection of San Juan Rd
- According to Placer.ai, this Quick Quack location ranks in the top 8% nationwide within the chain for visits and in the top 19% across California
- Due to rare annual rent increases throughout the base term & options the NOI is projected to grow approximately $38,730 (42%) over a 10-yr hold period
Executive Summary
* Dominant Express Car Wash Brand – Founded in 2004, Quick Quack Car Wash has grown into one of the largest express car wash chains in the United States, operating over 340 locations across California, Arizona, Colorado, Texas, Utah, Oklahoma, Nevada, and Washington
* Outstanding Placer.ai Data – According to Placer.ai, this Quick Quack location ranks in the top 8% nationwide within the chain for visits and in the top 19% across California. This positions the site as one of the top-performing car washes within the entire Quick Quack chain
* Long Term, Corporate NNN Ground Lease – Quick Quack Car Wash has been at this location since 2008 and operates on an Absolute NNN Ground Lease, the most secure form of real estate investment (December 2036 expiration), with two, 10-year options to renew
* Exceptional Income Growth – Due to rare annual rent increases throughout the base term and options (CPI, minimum 4%), the NOI is projected to grow approximately $38,730 (42%) over a 10-year hold period
* Below Market Rent – Quick Quack Car Wash’s ground rent is well approximately 40% below market, producing low tenant occupancy costs and future mark-to-market rent potential at lease expiration
* High Traffic, Convenient Location – Excellent signalized corner location just off Northgate Blvd (±26,800 CPD) at the intersection of San Juan Rd (±14,400 CPD), immediately south of Interstate 80 (±146,700 CPD), positioning the property for strong traffic flows and convenient access
* Outstanding Placer.ai Data – According to Placer.ai, this Quick Quack location ranks in the top 8% nationwide within the chain for visits and in the top 19% across California. This positions the site as one of the top-performing car washes within the entire Quick Quack chain
* Long Term, Corporate NNN Ground Lease – Quick Quack Car Wash has been at this location since 2008 and operates on an Absolute NNN Ground Lease, the most secure form of real estate investment (December 2036 expiration), with two, 10-year options to renew
* Exceptional Income Growth – Due to rare annual rent increases throughout the base term and options (CPI, minimum 4%), the NOI is projected to grow approximately $38,730 (42%) over a 10-year hold period
* Below Market Rent – Quick Quack Car Wash’s ground rent is well approximately 40% below market, producing low tenant occupancy costs and future mark-to-market rent potential at lease expiration
* High Traffic, Convenient Location – Excellent signalized corner location just off Northgate Blvd (±26,800 CPD) at the intersection of San Juan Rd (±14,400 CPD), immediately south of Interstate 80 (±146,700 CPD), positioning the property for strong traffic flows and convenient access
Property Facts
| Price | $2,449,994 CAD | Building Class | B |
| Price Per SF | $608.39 CAD | Lot Size | 0.56 AC |
| Sale Type | Investment | Building Size | 4,027 SF |
| Cap Rate | 5.10% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 2006/2020 |
| Property Subtype | Car Wash | Parking Ratio | 3.23/1,000 SF |
| Zoning | C-2 SPD | ||
| Price | $2,449,994 CAD |
| Price Per SF | $608.39 CAD |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.56 AC |
| Building Size | 4,027 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2006/2020 |
| Parking Ratio | 3.23/1,000 SF |
| Zoning | C-2 SPD |
Amenities
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 250-0160-036 | Improvements Assessment | $1,884,611 CAD |
| Land Assessment | $573,577 CAD | Total Assessment | $2,458,188 CAD |
Property Taxes
Parcel Number
250-0160-036
Land Assessment
$573,577 CAD
Improvements Assessment
$1,884,611 CAD
Total Assessment
$2,458,188 CAD
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3436 Northgate Blvd - Quick Quack
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