For Sale
$2,167,000

830 Imperial AveImperial, CA 92251

High-Yield NNN Lease, CA

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a newly constructed, 3,596 square foot Quick Quack Car Wash in Imperial, CA. The property boasts a brand new 20-year absolute NNN lease (commencing March 1, 2024, and expiring March 1, 2044) with four 5-year renewal options, ensuring long-term, stable income. The lease includes a 10% rent increase every five years, providing built-in protection against inflation. Located on a 0.82-acre lot at 830 N Imperial Ave (APN 063-040-035-000), this strategically positioned car wash benefits from high visibility on a major thoroughfare with over 21,000 vehicles passing daily. Its proximity to Frank Wright Middle School, Starbucks, and McDonald's further enhances its appeal. The property is zoned C-2 (Commercial General) and enjoys limited competition within a 7.5-mile radius. The strong demographics of the area, with an average household income exceeding $103,229 within a 3-mile radius, and a 5-mile trade area population of over 47,900 residents and 17,900 daytime employees, contribute to the property's exceptional investment potential. The current Net Operating Income (NOI) is $130,000, representing a 6.00% cap rate on the $2,167,000 asking price. This is a truly passive investment opportunity with zero landlord responsibilities. The property's features include excellent visibility and access, multiple points of ingress/egress, and a large monument sign. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential.

Highlights

  • Newly constructed 3,596 SF Quick Quack Car Wash with a corporate-signed, 20-year absolute NNN lease (March 1, 2024 - March 1, 2044), including four 5-year renewal options and 10% rent increases every five years.
  • Absolute NNN lease; zero landlord responsibilities; fee simple ownership.
  • High-visibility location on N. Imperial Ave (21,000+ VPD); limited competition within a 7.5-mile radius; excellent access.
  • Strong demographics: Average household income exceeding $103,229 within a 3-mile radius; 47,900+ residents and 17,900+ daytime employees within a 5-mile trade area.

Property Details for 830 Imperial Ave

Property type
Specialty properties, Car washes
Square Feet
3,596 SF
Year Built
2024
Lot Size (sq. ft)
35,719 SF

Location Insight

City
Imperial
County
Imperial
State
California
Latitude
32.856452
Longitude
-115.569639
830 Imperial Ave, Imperial, California

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830 Imperial Ave
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