For Sale
$6,154,000
10561 Hole Ave Riverside, CA 92505
High-yield, corporate-guaranteed car wash.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- Corporate guarantee provided by Super Star Car Wash, a multi-state operator with 100+ locations and significant expansion plans.
- Qualified for Bonus Depreciation; consult your tax advisor.
- New 20-year lease with 10% rent increases every 5 years; rent commences at closing.
- Over $9.28MM in guaranteed income over the base lease term, yielding a 7.54% blended cap rate at list price.
- High visibility location with excellent access from Hole Ave, California Ave, and Collett Ave; combined ±47,900 vehicles per day (VPD).
- Riverside, CA's low annual rainfall (34 days) ensures year-round car wash demand.
Property Details for 10561 Hole Ave
- Property type
- Specialty properties, Car washes
- Square Feet
- 6,208 SF
- Year Built
- 2023
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 57,499 SF
- Units
- 1
Location Insight
- City
- Riverside
- County
- Riverside
- State
- California
- Latitude
- 33.9171748
- Longitude
- -117.4735577
Nearby Similar for Sale
FAQs
- What type of property is this?
- Specialty property - High-yield, corporate-guaranteed car wash.
- Where is the specialty property located?
- The property is located at 10561 Hole Ave Riverside, CA.
- What is the asking price?
- The asking price for this property is $6,154,000.
- What are key features of this property?
- This property features: Corporate guarantee provided by Super Star Car Wash, a multi-state operator with 100+ locations and significant expansion plans.; Qualified for Bonus Depreciation; consult your tax advisor.; New 20-year lease with 10% rent increases every 5 years; rent commences at closing.
- How can I contact the broker?
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