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Super Star Car Wash | I-805 Access (205k VPD) 7637 Balboa Ave 6,000 SF Retail Building San Diego, CA 92111 $9,619,152 CAD ($1,603.19 CAD/SF) 5.35% Cap Rate

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Investment Highlights

20-Year Sale-Leaseback | 10% Scheduled Rental Increases
Prime San Diego Location | High Traffic Retail Corridor
Strong Demographics In 5-Mile Trade Area

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Surrounded by Major Retail, Employment & Lifestyle Drivers

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 San Diego, 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

Sale Type

Investment NNN

Sale Condition

Sale Leaseback

Property Type

Retail

Property Subtype

Freestanding

Building Size

6,000 SF

Building Class

Year Built

1993

Price

$9,619,152 CAD

Price Per SF

$1,603.19 CAD

Cap Rate

5.35%

NOI

$514,625 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.11

Lot Size

1.28 AC

Zoning

CC-2-5

Parking

29 Spaces (4.83 Spaces per 1,000 SF Leased)

Frontage

103’ on Balboa Ave

Freeway Visibility

Signage

Services
99,999 SF
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Life gets messy. Sometimes it’s a bird deciding to bless you with “good luck.” Sometimes it’s a strata of Goldfish crackers and dog hair. Sometimes it’s a layer of dust that’s dulling your shine. That's why there's Super Star Car Wash. Super Star Car Wash isn’t just a place to get your car washed. It’s where you go to leave your messes and stresses behind. From the start, they’ve been committed to providing super care for their customers, their communities, and their dream team. Super Star Car Wash exists not only to offer car washes, but to give back to and impact the communities they serve in a meaningful and lasting way. Learn more about how they’re putting this vision into action.