Murrieta Hot Spg Rd Laguna Hills, CA 92653

Property Details for 0 Murrieta Hot Spg Rd

Property type

Retail properties & Spaces

Property subtype

Auto shops

Description

This exceptional investment opportunity presents a brand-new, single-tenant, absolute net lease for a Quick Quack Car Wash in Murrieta, California. Located on Murrieta Hot Springs Road, a major thoroughfare connecting the 15, 215, and 79 freeways, this property benefits from high traffic counts exceeding 94,000 cars per day at the main intersection. The 20-year lease, commencing December 20, 2024, and expiring December 19, 2044, offers a remaining term of 20.1 years with a 5.20% cap rate and a net operating income (NOI) of $270,000. The tenant, a corporate operator with over 240 locations across the West Coast and Texas, is responsible for all property expenses, providing a truly passive income stream for the investor. Rent increases of 10% are built into the lease every five years. The property's strategic location is surrounded by strong national retailers, including Sam's Club, Vons, EOS Fitness, Sonic, Amazon Fresh, and Marshalls, ensuring high visibility and consistent customer traffic. The asking price is $5,200,000. This is a rare opportunity to acquire a high-performing, low-maintenance, and long-term investment in a rapidly growing Southern California market. The tenant is investing over $4 million in improvements, further solidifying the property's value and long-term prospects.