10561 Hole Ave Riverside, CA 92505
- Specialty properties
- 6,208 SF
- 1.32 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 10561 Hole Ave
- Year built
- 2023
- Lot size
- 1.32 lot acres
- Property size
- 6,208 SF
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
A newly built, 6,208 sq ft car wash in Riverside, CA, boasts a 20-year absolute NNN lease with a credit-rated corporate guarantor, 10% rent bumps every 5 years, and a 6.50% cap rate, generating $400,000 in NOI. Situated on a 1.32-acre lot with 31 parking spaces, this property enjoys exceptional visibility and access, benefiting from high daily vehicle counts and proximity to major retailers, schools, and medical facilities. The lease includes two 5-year and one 4-year 11-month options. Bonus depreciation may be eligible. The property is part of a rapidly expanding national car wash chain with over 100 locations and significant future growth plans. Located in an area with a high population density and average household income exceeding $102,700 within a 3-mile radius, this investment offers strong potential for long-term returns. The favorable climate of Riverside, CA, with an average of only 34 rainy days per year, ensures consistent operational performance.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.474
- Latitude
- 33.9172
