3528 College BlvdOceanside, CA 92056

Property Details for 3528 College Blvd

Year built

1990

Lot size

1.10 AC

Property size (Sq ft)

4,195 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Other car washes

APN

168-012-53-00

APU

1680125300

Description

Exceptional investment opportunity: a 4,195 sq ft Super Star Car Wash in Oceanside, CA (92056), situated on a 1.1-acre lot at 3528 College Blvd. This single-tenant property boasts a 20-year absolute NNN lease with a credit-rated corporate guarantor, ensuring consistent income. The lease features 10% rent bumps every five years, commencing at closing. The current NOI is $450,000, representing a 6.25% cap rate on the asking price of $7,200,000. Built in 2019, the property enjoys 100% occupancy and benefits from excellent visibility and access from College Blvd, a high-traffic area with approximately 64,700 vehicles per day. The surrounding area includes major retailers like Albertsons, Kohl's, Hobby Lobby, Grocery Outlet, TJ Maxx, and a Walmart Supercenter, along with a hospital and Mira Costa College, contributing to a robust and affluent demographic. The property includes 15 parking spaces. The lease includes six, five-year renewal options. This e-commerce and recession-resistant business benefits from an average of only 68 rainy days per year in Oceanside. The Super Star Car Wash brand has over 100 locations across four states, with significant expansion plans. This offering presents a secure, long-term investment with substantial upside potential. The property is bonus depreciation eligible (consult with a CPA to confirm).

Location Insight

City

Oceanside

County

San Diego

State

California

Latitude

33.1801

Longitude

-117.295

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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