6004 N Mesa St - Quick Quack Car Wash Ground Lease 4,162 SF Specialty Building Offered at $2,523,000 at a 5.35% Cap Rate in El Paso, TX 79912
INVESTMENT HIGHLIGHTS
- 15-Year Absolute Triple-Net (NNN) Ground Lease
- Corporate Guaranty by Quick Quack Car Wash - Driven Brands (NASDAQ: DRVN) Also Guarantees the Lease Until September 2027
- High-Quality 2023 Construction
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- 166,630 Residents within a 5-Mile Radius - Growing El Paso Trade Area
- Located at a High Traffic Intersection with 57,000+ Cars per Day at the Corner of Sunland Park Drive/Shadow Mountain Drive and North Mesa Street
EXECUTIVE SUMMARY
Quick Quack Car Wash is a growing chain of exterior-only express car washes. The company launched in 2004 in Sacramento, California. Today, Quick Quack Car Wash is headquartered in Roseville, California and operates over 270 locations in California, Texas, Colorado, Arizona, and Utah, making it the fourth-largest car wash chain in the United States.
El Paso, the county seat of El Paso County, is the second-largest city in the Southwest United States. The city of El Paso is home to the largest metro area that runs along the Texas-Mexico border and is a top 20% U.S. performing economy. As one of the most expansive manufacturing centers in North America and home to the greatest bilingual and bi-cultural workforce of the Western Hemisphere, El Paso is a recognized global economic competitor.
El Paso, the county seat of El Paso County, is the second-largest city in the Southwest United States. The city of El Paso is home to the largest metro area that runs along the Texas-Mexico border and is a top 20% U.S. performing economy. As one of the most expansive manufacturing centers in North America and home to the greatest bilingual and bi-cultural workforce of the Western Hemisphere, El Paso is a recognized global economic competitor.
PROPERTY FACTS
AMENITIES
- Bus Line
1 of 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | C843-999-0010-0100 | Improvements Assessment | $247,689 |
| Land Assessment | $552,311 | Total Assessment | $800,000 |
