14812 Bear Valley Rd, Victorville, CA 92395
5,400 SF Specialty Building Offered at $5,556,000 at a 6.75% Cap Rate in Victorville, CA 92395
For Sale
Active
Asking Price $5,556,000
- Sale Condition
- 1031 Exchange
- Property Type
-
Specialty
- Square Feet
- 5,400 SF
- Price / Square Foot
- $1,029
Listing Contacts
Calvin Short
Aron Cline
Matt Coates
Gary Chou
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
• Superb tax advantages | Investment is likely eligible for Bonus Depreciation | Speak with your tax advisor to confirm
• New, 20-year lease with 10% rent increases every 5 years throughout the initial term and options | Rent to commence at close of escrow
• $8.7MM+ in guaranteed income over the base term of the lease, yielding a 7.83% Blended CAP, assuming purchase at List Price
• Superb retail corridor, walking distance to:
– The Mall of Victor Valley | A 577,00 shopping mall containing 120+ retailers | Anchored by Macy’s, JCPenney, Sears, and Cinemark
– Dunai Plaza | Lowe’s-anchored shopping center
– Bear Valley Plaza | Home Depot-anchored shopping center
– A Walmart Supercenter-anchored shopping center
– A Party City & Hobby Lobby-anchored shopping center
– A Vallarta Supermarkets-anchored shopping center
– A Kohl’s-anchored shopping center
– Other strong, national tenants such as Amazon, Best Buy, Chick-fil-A, Starbucks, McDonald’s, Steak ‘n Shake, Dutch Bros Coffee, KFC, El
Super #28, Farmer Boys, Popeyes, Panda Express, Carl’s Jr, Jersey Mike’s, Dunkin’, Arby’s, Smart & Final, AutoZone, Advance Auto, among others
• Excellent access and visibility from Bear Valley Road | Boasts ±49,400 VPD
• There is an average of only 8 inches of rain per year in Victorville, CA, making it ideal weather for car washes year-round
• E-commerce and recession-resistant concept
• Dense area | ±161,900 residents 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
• Superb tax advantages | Investment is likely eligible for Bonus Depreciation | Speak with your tax advisor to confirm
• New, 20-year lease with 10% rent increases every 5 years throughout the initial term and options | Rent to commence at close of escrow
• $8.7MM+ in guaranteed income over the base term of the lease, yielding a 7.83% Blended CAP, assuming purchase at List Price
• Superb retail corridor, walking distance to:
– The Mall of Victor Valley | A 577,00 shopping mall containing 120+ retailers | Anchored by Macy’s, JCPenney, Sears, and Cinemark
– Dunai Plaza | Lowe’s-anchored shopping center
– Bear Valley Plaza | Home Depot-anchored shopping center
– A Walmart Supercenter-anchored shopping center
– A Party City & Hobby Lobby-anchored shopping center
– A Vallarta Supermarkets-anchored shopping center
– A Kohl’s-anchored shopping center
– Other strong, national tenants such as Amazon, Best Buy, Chick-fil-A, Starbucks, McDonald’s, Steak ‘n Shake, Dutch Bros Coffee, KFC, El
Super #28, Farmer Boys, Popeyes, Panda Express, Carl’s Jr, Jersey Mike’s, Dunkin’, Arby’s, Smart & Final, AutoZone, Advance Auto, among others
• Excellent access and visibility from Bear Valley Road | Boasts ±49,400 VPD
• There is an average of only 8 inches of rain per year in Victorville, CA, making it ideal weather for car washes year-round
• E-commerce and recession-resistant concept
• Dense area | ±161,900 residents 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
- 2023
- Stories
- 1
- Property Subtype
- Car Wash
- Lot Size (sq. ft)
- 49,658 SF
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