New Club Car Wash
For Sale
Contact for pricing
2651 North Gate Blvd, Colorado Springs, CO 80921
20-year NNN ground lease with rental increases.
Property SizeContact for details
Days on Market149
Property Features for 2651 North Gate Blvd
General Information
Standard status
Active
Property subtype
Retail, Special Purpose
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$187,000
Building Details
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Sacramento, California
Listed By:
Vincent Aicale · License #CA 01728696
Source:
Crexi
Added: Mar 27
Changed: Aug 14
Last Checked: Aug 21 at 11:22PM
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 Cushman & Wakefield - Sacramento, California
Investment Insights
Based on property information with market context.
This property features a new 20-year absolute NNN ground lease with Club Car Wash, backed by Wildcat Asset Management. Club Car Wash is a subscription-based, express car wash chain. Wildcat Asset Management acquired Club Car Wash in 2019 and has $4.6B in assets under management. The lease includes 10% rental increases every five years during the initial term and each of the four option periods of five years, providing consistent income growth. As a fully passive investment, the tenant is responsible for all taxes, insurance, and maintenance, including the roof, structure, and parking lot. Founded in 2006 and headquartered in Columbia, Missouri, Club Car Wash operates over 215 locations, with an additional 55+ locations under development.
Key Highlights
- Absolute NNN ground lease offers a fully passive investment, tenant handles all expenses.
- Backed by Wildcat Asset Management ($4.6B in assets), ensuring financial stability.
- Consistent income growth with 10% rental increases every five years.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 10%
Conoco
Shops & Services
10,055 visits/mo
0.1 miles
7-Eleven
Shops & Services
6,432 visits/mo
0.1 miles
SUBWAY
Dining
1,909 visits/mo
0.1 miles
CubeSmart Self Storage
Shops & Services
895 visits/mo
0.3 miles
Demographics for 80921, CO
25,158
Population
10,412
Households
2.4
Avg Household Size
41
Median Age
64%
College-Educated
98%
High-School Grad
49.0 sq mi
ZIP Area
513
Density / Sq Mi
$143,996
Median Household Income
$70,422
Median Earnings
$2,212
Median Rent
$647,600
Median Home Value
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - 20-year NNN ground lease with rental increases.
Where is this car wash located?
The property is located at 2651 North Gate Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $3,117,000.
What are key features of this property?
This property features: Absolute NNN ground lease offers a fully passive investment, tenant handles all expenses.; Backed by Wildcat Asset Management ($4.6B in assets), ensuring financial stability.; Consistent income growth with 10% rental increases every five years.
