Full-Service Car Wash
For Sale
$2,900,000
24055 Sunnymead Blvd, Moreno Valley, CA 92553
Sale-leaseback features a 15-year absolute triple net lease with 1.5% annual rent increases.
Property Size5,400 SF
Days on Market193
Property Features for 24055 Sunnymead Blvd
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Car Wash
Financials
Cap Rate
9%
Business Included
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
5,400 SF
Year Built
1987
Listing Agency:
Progressive Real Estate Partners
Listed By:
Victor Buendia · License #CalDRE #01869089
(714) 863-5650
Source:
Progressiverep
Added: Apr 11
Changed: Oct 3
Last Checked: Oct 19 at 3:34AM
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 Progressive Real Estate Partners
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Investment Insights
Based on property information with market context.
This full-service car wash property is offered as a sale-leaseback, with the experienced operator continuing to lease the site from the investor. The structure is a 15-year absolute triple net lease with rent increasing by 1.5% each year. The offering includes a stated 9% cap rate.
The property is located in Moreno Valley, California’s Inland Empire, on Sunnymead Blvd. It is described as just off the Hwy 60 (Moreno Valley Freeway) exit, east of US 215 and Moreno Valley Mall, surrounded by established retailers including AutoZone, NAPA, Office Depot, Big 5 Sporting Goods, Big Lots, Harbor Freight, McDonald’s, and Subway.
The operator is described as having owned and operated 10 car washes. Population counts provided include over 24,000 people within a 1-mile radius and 210,000 within a 5-mile radius.
The property is located in Moreno Valley, California’s Inland Empire, on Sunnymead Blvd. It is described as just off the Hwy 60 (Moreno Valley Freeway) exit, east of US 215 and Moreno Valley Mall, surrounded by established retailers including AutoZone, NAPA, Office Depot, Big 5 Sporting Goods, Big Lots, Harbor Freight, McDonald’s, and Subway.
The operator is described as having owned and operated 10 car washes. Population counts provided include over 24,000 people within a 1-mile radius and 210,000 within a 5-mile radius.
Key Highlights
- 15‑year sale‑leaseback with an absolute triple net (NNN) lease
- 9% cap rate per the provided remarks
- Rent increases by 1.5% every year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,538
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,750,760
$1.8M
Cap Rate 7%
$1,250,543
$1.3M
Cap Rate 9%
$972,644
$972.6K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$123.1K $22.80/SF
− Vacancy
−$6.4K −$1.19/SF
EGI
$116.7K $21.61/SF
− OpEx
−$29.2K −$5.40/SF
NOI
$87.5K $16.21/SF
Area
Moreno Valley, CA
Vacancy
5.20%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,750,760
Cap Rate 7%
$1,250,543
Cap Rate 9%
$972,644
Alternative Uses
Best Use
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,538 @ 7.0% cap · market cap 3.02%
Second Best
Retail
$1.10M
$964.5K – $1.29M
NOI $77,157 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,546 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
345k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 24%
Groceries 19%
Apparel 11%
Superior Grocers
Groceries
43,369 visits/mo
0.2 miles
McDonald's
Dining
28,172 visits/mo
0.3 miles
Starbucks
Dining
23,587 visits/mo
0.4 miles
Sprouts Farmers Market
Groceries
22,299 visits/mo
0.3 miles
Jack in the Box
Dining
19,519 visits/mo
0.1 miles
Demographics for 92553, CA
76,761
Population
20,175
Households
3.8
Avg Household Size
30
Median Age
13%
College-Educated
74%
High-School Grad
10.3 sq mi
ZIP Area
7,453
Density / Sq Mi
$71,344
Median Household Income
$36,525
Median Earnings
$1,892
Median Rent
$413,000
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Car wash - Sale-leaseback features a 15-year absolute triple net lease with 1.5% annual rent increases.
Where is this car wash located?
The property is located at 24055 Sunnymead Blvd Moreno Valley, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 15‑year sale‑leaseback with an absolute triple net (NNN) lease; 9% cap rate per the provided remarks; Rent increases by 1.5% every year
