Super Star Car Wash | 20 Yrs NNN | San Diego
4,195 SF Specialty Building Offered at $7,826,000 at a 5.75% Cap Rate in Oceanside, CA 92056
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $7,826,000
- Sale Condition
- 1031 Exchange
- Property Type
-
Specialty
- Square Feet
- 4,195 SF
- Price / Square Foot
- $1,866
Listing Contacts
Calvin Short
Verified Profile
Aron Cline
Verified Profile
Matt Coates
Verified Profile
Gary Chou
Verified Profile
- Property Info
Property Overview
• Corporately guaranteed | Super Star Car Wash currently has 96+ locations open and operating across four states with an additional 26+
locations in the development pipeline, 16 are set to open by year-end
• Industry-leading operating margins with ±3x EBITDA coverage | Speak with Agent for details
• New, 20-year lease with 10% rent increases every 5 years throughout the initial term and options | Rent to commence at close of escrow
• Over $10.44MM in guaranteed income over the base term of the lease, yielding a 6.67% Blended CAP, assuming purchase at List Price
• Excellent access and visibility from College Blvd | Boasts a robust ±64,700 VPD
• Superb retail corridor location | One of the best corridors in Oceanside which includes:
– Quarry Creek Plaza | Albertsons and Kohl’s-anchored shopping center | Other tenants include PetSmart, Wells Fargo, Round Table Pizza,
among others
– College Plaza | Hobby Lobby & Grocery Outlet-anchored center | Other tenants include Starbucks, Wendy’s, El Pollo Loco, among others
– Tri City Cross Road | TJ Maxx-anchored center | Other tenants include Rite Aid, Taco Bell, Dollar Tree, Goodwill, Sizzler, Banfield Pet Hospital, among others
– A Walmart Supercenter, Home Depot, Chick-fil-A, Pep Boys, Advance Auto, McDonald’s, Jack in the Box, Discount Tire, O’Reilly Auto Parts, CarMax, among others
– Tri-City Medical Center | 388-bed full-service, acute-care hospital
– MiraCosta College | ±12,650 students
– Infiniti and Nissan car dealerships
• Located a couple blocks from Ronald Packard Pkwy (aka Hwy 78) | Boasts ±139,000 VPD
• There is an average of only 68 rainy days per year in Oceanside, making it ideal weather for car washes year-round
• E-commerce and recession-resistant concept
• Extremely dense and affluent area | 190,500+ residents with an average HH income exceeding $126,500 within a 10-minute drive
• In 2021, TSG Consumer Partners, a leading private equity firm, acquired a majority stake in Super Star Car Wash and will continue to build and accelerate growth for the business
locations in the development pipeline, 16 are set to open by year-end
• Industry-leading operating margins with ±3x EBITDA coverage | Speak with Agent for details
• New, 20-year lease with 10% rent increases every 5 years throughout the initial term and options | Rent to commence at close of escrow
• Over $10.44MM in guaranteed income over the base term of the lease, yielding a 6.67% Blended CAP, assuming purchase at List Price
• Excellent access and visibility from College Blvd | Boasts a robust ±64,700 VPD
• Superb retail corridor location | One of the best corridors in Oceanside which includes:
– Quarry Creek Plaza | Albertsons and Kohl’s-anchored shopping center | Other tenants include PetSmart, Wells Fargo, Round Table Pizza,
among others
– College Plaza | Hobby Lobby & Grocery Outlet-anchored center | Other tenants include Starbucks, Wendy’s, El Pollo Loco, among others
– Tri City Cross Road | TJ Maxx-anchored center | Other tenants include Rite Aid, Taco Bell, Dollar Tree, Goodwill, Sizzler, Banfield Pet Hospital, among others
– A Walmart Supercenter, Home Depot, Chick-fil-A, Pep Boys, Advance Auto, McDonald’s, Jack in the Box, Discount Tire, O’Reilly Auto Parts, CarMax, among others
– Tri-City Medical Center | 388-bed full-service, acute-care hospital
– MiraCosta College | ±12,650 students
– Infiniti and Nissan car dealerships
• Located a couple blocks from Ronald Packard Pkwy (aka Hwy 78) | Boasts ±139,000 VPD
• There is an average of only 68 rainy days per year in Oceanside, making it ideal weather for car washes year-round
• E-commerce and recession-resistant concept
• Extremely dense and affluent area | 190,500+ residents with an average HH income exceeding $126,500 within a 10-minute drive
• In 2021, TSG Consumer Partners, a leading private equity firm, acquired a majority stake in Super Star Car Wash and will continue to build and accelerate growth for the business
Property Details
- Class
- B
- Year Built
- 2019
- Stories
- 1
- Property Subtype
- Car Wash
- Lot Size (sq. ft)
- 47,916 SF
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