For Sale
$2,000,000

1115 Imperial AveCalexico, CA 92231

High-yield, NNN leased car wash.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 3,600 square foot Quick Quack Car Wash in Calexico, CA. The property boasts a 20-year absolute NNN lease (commencing May 1, 2023) with a corporate guarantee, offering significant long-term stability and minimal landlord responsibilities. The lease includes a 10% rent increase every five years, ensuring consistent income growth and inflation protection. Situated on a 0.94-acre lot with 18 parking spaces, the car wash benefits from a prime location on Imperial Avenue, a high-traffic thoroughfare averaging over 34,000 vehicles daily. Its proximity to the Calexico border crossing (8.2 million vehicle crossings in 2023) and major retailers like Food4Less and Rite Aid further enhances its appeal. The property's strong demographics, including a 5-mile trade area with over 44,900 residents and an average household income of $80,029, contribute to its exceptional investment potential. The 6% cap rate and $120,000 annual NOI make this a compelling opportunity for passive investors seeking a secure, high-return investment. The property is zoned CH (Commercial Highway) and has APN 058-120-033-000. Built in 2023, the car wash is 100% occupied. The land is owned under a ground lease.

Highlights

  • Corporate-signed, brand-new 20-year absolute NNN lease with 10% rent increases every 5 years and extension options.
  • Fee-simple ownership; zero landlord responsibilities.
  • Outparcel to high-volume Food4Less and Rite Aid; national credit tenant presence.
  • Excellent visibility and access on Imperial Ave. (34,000+ VPD).
  • Strategic location near the Calexico border crossing (8.2M+ vehicle crossings in 2023).
  • Strong demographics within a 5-mile radius.

Property Details for 1115 Imperial Ave

Property type
Specialty properties, Car washes
Square Feet
3,600 SF
Year Built
2023
Lot Size (sq. ft)
40,946 SF

Location Insight

City
Calexico
County
Imperial
State
California
Latitude
32.681258
Longitude
-115.499742
1115 Imperial Ave, Calexico, California

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1115 Imperial Ave
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