830 Imperial AveImperial, CA 92251

Property Details for 830 Imperial Ave

Lot size

0.94 AC

Property type

Office properties

Property subtype

Office buildings

APN

063-040-040-000

APU

63040040000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $11,253,617

  6.5%

  $10,387,954

  7%

  $9,645,957

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,182,850

  Geo Method

  $14,411,764

• Alternative Use

  Use

  Valuation

  Residential

  $12,881,063

  Hospitality

  $11,798,984

  Educational

  $9,816,616

  Medical

  $10,154,225

  Retail

  $15,270,292

Location Insight

City

Imperial

County

Imperial

State

California

Latitude

32.8565

Longitude

-115.57

CBSA code

20940

CBSA name

EL CENTRO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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