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2525 Old North Gate Rd - Club Car Wash Ground Lease 1,500 SF Specialty Building Offered at $3,197,000 at a 5.85% Cap Rate in Colorado Springs, CO 80921
Investment Highlights
- New 20-year absolute NNN ground lease to Club Car Wash (backed by Wildcat Asset Management), a subscription-based, express car wash chain.
- 10% rental increases every five (5) years in initial term and four (4) option periods of five years each, ensuring consistent income growth.
- Founded in 2006 and headquartered in Columbia, Missouri, Club Car Wash operates over 215 locations with another 55+ under development.
- Club Car Wash was acquired in 2019 by Wildcat Asset Management ($4.6B in assets under management).
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
Executive Summary
This Club Car Wash sits at the four-way intersection of North Gate Boulevard and Roller Coaster Road, a location that offers both high visibility and easy access. Since its founding in 2006 in Columbia, Missouri, Club Car Wash has grown to operate over 215 locations, with more than 55 additional sites under development, reflecting a proven and expanding brand.
The surrounding area is thriving, with a five-mile radius serving a population of 72,133 and an average annual household income of $247,520 within just one mile. The property itself is an outparcel to a King Soopers (Kroger)-anchored multi-tenant shopping center, surrounded by major national retailers, creating a vibrant commercial hub that draws both local residents and visitors.
Located near State Route 83, which sees 17,000 vehicles daily, and Interstate 25, carrying 111,000 vehicles, the car wash captures significant local and commuter traffic. With population and income projected to rise steadily over the next five years, this Club Car Wash is positioned not just as a convenient service point, but as a long-term growth opportunity in the Colorado Springs market.
The surrounding area is thriving, with a five-mile radius serving a population of 72,133 and an average annual household income of $247,520 within just one mile. The property itself is an outparcel to a King Soopers (Kroger)-anchored multi-tenant shopping center, surrounded by major national retailers, creating a vibrant commercial hub that draws both local residents and visitors.
Located near State Route 83, which sees 17,000 vehicles daily, and Interstate 25, carrying 111,000 vehicles, the car wash captures significant local and commuter traffic. With population and income projected to rise steadily over the next five years, this Club Car Wash is positioned not just as a convenient service point, but as a long-term growth opportunity in the Colorado Springs market.
Property Facts
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Property Taxes
| Parcel Number | 62044-11-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $136,920 |
Property Taxes
Parcel Number
62044-11-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$136,920
Contacts
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Vincent Aicale -
Jack Hinson -
Michael Yuras -
Ryan Forsyth -
Scott Crowle -
Cushman & Wakefield
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2525 Old North Gate Rd - Club Car Wash Ground Lease
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