1115 Imperial AveCalexico, CA 92231

Property Details for 1115 Imperial Ave

Lot size

1.14 AC

Property type

Retail properties

Property subtype

Retail space

APN

058-120-033-000

APU

58120033000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $20,062,600

  6.5%

  $18,519,322

  7%

  $17,196,514

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,952,048

  Geo Method

  $44,044,880

• Alternative Use

  Use

  Valuation

  Residential

  $15,621,741

  Hospitality

  $14,309,431

  Educational

  $11,905,279

  Medical

  $12,314,719

  Retail

  $18,519,322

Location Insight

City

Calexico

County

Imperial

State

California

Latitude

32.6813

Longitude

-115.5

CBSA code

20940

CBSA name

EL CENTRO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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