Drive-Thru Car Wash Net
1001 Commerce Avenue. Atwater, CA 95301
1001 Commerce Avenue., Atwater, CA, 95301
Contact for pricing
For Sale
Contact for pricing
Pending
Absolute NNN drive-thru car wash offered with a long remaining ground lease term.
Days on Market104
Property Features for 1001 Commerce Avenue.
General Information
- Standard status
- Pending
- Property subtype
- Retail, Land
Listing agency
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed by
Matthew Mousavi · License #CA 01732226
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 2:07PM Checked: Jul 21 at 2:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This absolute NNN investment features a drive-thru equipped Rapid Xpress Car Wash, offered as the leased fee interest (land ownership). The ground lease is held by RXCW Atwater Corp., with 24 years remaining and two additional five-year options to extend. Lease terms include 10% rental increases every five years during the initial term and at the start of each option period. The lease is personally guaranteed by three individuals, including the president of Rapid Xpress Car Wash, and is structured with zero landlord responsibilities under the absolute NNN framework.
The property is located along State Highway 99, a major north/south corridor with stated traffic of 52,000 VPD. It is positioned as an outparcel to the Applegate Ranch Shopping Center, which is anchored by a Walmart Supercenter and a Super Target and includes a mix of national retailers.
Additional nearby national and credit tenants called out in the offering remarks include Rite Aid, Walgreens, Food 4 Less, CVS Pharmacy, Tractor Supply Co., O’Reilly Auto Parts, and AutoZone. The stated 5-mile trade area supports over 60,100 residents with an average household income of $69,882.
The property is located along State Highway 99, a major north/south corridor with stated traffic of 52,000 VPD. It is positioned as an outparcel to the Applegate Ranch Shopping Center, which is anchored by a Walmart Supercenter and a Super Target and includes a mix of national retailers.
Additional nearby national and credit tenants called out in the offering remarks include Rite Aid, Walgreens, Food 4 Less, CVS Pharmacy, Tractor Supply Co., O’Reilly Auto Parts, and AutoZone. The stated 5-mile trade area supports over 60,100 residents with an average household income of $69,882.
Key Highlights
- Leased fee (land ownership) in an absolute NNN drive‑thru car wash in Atwater, CA
- Tenant RXCW Atwater Corp. has 24 years remaining on the ground lease with two 5‑year extension options
- Lease includes 10% rental increases every 5 years during the initial term and at the start of each option period
Property Analytics
Location Intelligence
Current Use by Public Records
Mister Car Wash
Car Wash
Similar For Sale Nearby
FAQs
What type of property is this?
Car wash - Absolute NNN drive-thru car wash offered with a long remaining ground lease term.
Where is this car wash located?
The property is located at 1001 Commerce Avenue. Atwater, CA.
What are key features of this property?
This property features: Leased fee (land ownership) in an absolute NNN drive‑thru car wash in Atwater, CA; Tenant RXCW Atwater Corp. has 24 years remaining on the ground lease with two 5‑year extension options; Lease includes 10% rental increases every 5 years during the initial term and at the start of each option period
