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SEC. Bear Valley & Apple Valley Rd - Mister Car Wash | New 15yr Corp NNN w/ Incrs 5,500 SF Specialty Building Offered at $4,190,000 at a 5.25% Cap Rate in Apple Valley, CA 92308
INVESTMENT HIGHLIGHTS
- New 15 Year Lease | Options To Extend | Scheduled Rental Increases Corporate Guaranteed | Brand New Construction
- New Sprouts-Anchored Retail Development | Dense Retail Corridor 84,600 VPD Intersection | Jess Ranch Marketplace (6.8M+ Visits)
- NNN | Leased Fee Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | Area Development
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN, corporate guaranteed (NYSE: MCW), Mister Car Wash investment property located in Apple Valley, California. The tenant, CWP California Corp., recently signed a brand new 15 year lease with 3 (5-year) options and 1 (4-year) 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 NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
PROPERTY FACTS
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SEC. Bear Valley & Apple Valley Rd - Mister Car Wash | New 15yr Corp NNN w/ Incrs
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