Quick Quack Car Wash
At-A-Glance
Price: $4,290,000 (Land PSF $66)
Net Operating Income: $225,000
Cap Rate: 5.25%
Listing Team:
Nick D'Argenzio
nick@blvdreic.com
818-281-7893
Tom Chichester
tom@blvdreic.com
714-318-395
Riley Hanson
riley@blvdreic.com
714-906-5950
Opportunity
Brand New, Long-Term (20-Year) Absolute NNN Ground Lease with Strong Corporate Lease (Quick Quack Car Wash Holdings, LLC)
Highlights
- Brand-New (20-Year) Corporately Guaranteed Lease with Three (5-Year) Renewal Options and Scheduled Rental Increases
- Absolute NNN Ground Lease with Zero Landlord Responsibilities
- Premier Upland, Southern California Location - 1.5 miles from Whole Foods Market and adjacent to prestigious Claremont Colleges campus
- Affluent, Master-Planned Trade Area with strong demographics, including more than 380,000 residents and an average household income exceeding $118,700
- Large 1.49-Acre Parcel - The site is strategically positioned and wraps the signalized, hard-corner intersection of Historic Route 66 (Foothill Boulevard) and Monte Vista Avenue, with traffic counts exceeding 45,100 vehicles per day
- Strong National Tenant / Corporate Guarantee – Quick Quack Car Wash owns and operates more than 330~ locations across Arizona, California, Colorado, Texas, and Utah, with continued expansion throughout the Western United States following an $850 million investment from KKR in 2024, positioned to become dominant national chain
- Long-Term Tenant Commitment demonstrated by the execution of a brand-new 20-year lease with three (5-year) renewal options
- Built-In Rental Growth featuring 10% rent increases every five years throughout the initial lease term and at the commencement of each renewal option, providing predictable NOI growth and a hedge against inflation
- Passive Investment Opportunity with an absolute NNN lease structure, eliminating landlord management responsibilities while providing stable, long-term cash flow
