For Sale
$6,400,000

369 Mountain AveUpland, CA 91786

NNN Lease, 6.25% CAP, CA

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 20-year absolute NNN lease on a nearly one-acre car wash in Upland, California. Located at a signalized intersection on a major retail corridor with over 40,000 cars passing daily, this property boasts a prime location surrounded by national tenants. The 42,240 square foot lot offers multiple points of ingress and egress. The tenant, responsible for all expenses, recently completed a full site remodel, significantly upgrading the property to a high-volume express car wash prototype. The lease features a 6.25% cap rate and 1.5% annual rent bumps, ensuring a stable and growing income stream for the next two decades. This fee-simple offering includes both land and building, providing a secure and attractive investment with minimal landlord responsibilities. The property's strong tenant, long-term lease, and strategic location make it an ideal addition to any commercial real estate portfolio. The asking price is $6,400,000. This is a 100% occupied, single-tenant property.

Highlights

  • 20-Year Absolute NNN Lease with Fixed Annual Rent Increases.
  • Zero Landlord Responsibilities; Tenant pays all expenses.
  • 42,240 SF land parcel with multiple access points.
  • High-traffic location on major retail corridor; 40,000+ cars per day.
  • Strong retail location with national co-tenants.
  • Tenant-funded, complete property remodel in 2024; new express car wash.

Property Details for 369 Mountain Ave

Property type
Specialty properties, Car washes

Location Insight

City
Upland
County
San Bernardino
State
California
Latitude
34.0981498
Longitude
-117.6708536
369 Mountain Ave, Upland, California

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369 Mountain Ave
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