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734 Main St - Quick Quack Car Wash | New 20yr Abs NNN 3,588 SF Specialty Building Offered at $6,818,000 at a 5.50% Cap Rate in Chula Vista, CA 91911
Investment Highlights
- New 20-Year Lease | Options To Extend | Scheduled Rental Increases
- Part of New Retail Development | Interstate 805 (262,000 VPD) | New Housing Developments
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In The Immediate Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, ground leased Quick Quack Car Wash investment property located in Chula Vista, California. The tenant, Quick Quack Car Wash recently signed a brand new, 20-year lease with 4 (5-year) options 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 a passive investor.
Property Facts
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Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 644-040-81 | Improvements Assessment | $0 |
| Land Assessment | $10,114,110 | Total Assessment | $10,114,110 |
Property Taxes
Parcel Number
644-040-81
Land Assessment
$10,114,110
Improvements Assessment
$0
Total Assessment
$10,114,110
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734 Main St - Quick Quack Car Wash | New 20yr Abs NNN
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