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3285 W Stetson Ave - Super Star Car Wash | 20yr Abs NNN SLB 5,000 SF Specialty Building Offered at $5,000,000 at a 5.50% Cap Rate in Hemet, CA 92545
Investment Highlights
- 20-Year Sale-Leaseback | 10% Scheduled Rental Increases
- Prime Hemet Location | Strong Traffic & Access
- Strong Demographics In 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Surrounded by Major National & Credit Retailers
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Super Star Car Wash investment property located in Hemet, California. The tenant, Super Star Car Wash recently signed a brand new 20-year sale-leaseback with 2 (5-year) and 1 (4 Year, 11 Month) option to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Property Facts
| Price | $5,000,000 | Building Class | C |
| Price Per SF | $1,095.05 | Lot Size | 0.88 AC |
| Sale Type | Investment | Building Size | 4,566 SF |
| Cap Rate | 5.50% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2024 |
| Property Subtype | Car Wash | Parking Ratio | 5.04/1,000 SF |
| Zoning | M-1 - Limited Manufacturing | ||
| Price | $5,000,000 |
| Price Per SF | $1,095.05 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.88 AC |
| Building Size | 4,566 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Parking Ratio | 5.04/1,000 SF |
| Zoning | M-1 - Limited Manufacturing |
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Property Taxes
| Parcel Number | 460-150-049 | Improvements Assessment | $0 |
| Land Assessment | $801,108 | Total Assessment | $801,108 |
Property Taxes
Parcel Number
460-150-049
Land Assessment
$801,108
Improvements Assessment
$0
Total Assessment
$801,108
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3285 W Stetson Ave - Super Star Car Wash | 20yr Abs NNN SLB
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