3528 College Blvd Oceanside, CA 92056-4613
- Car washes
- 4,195 SF
- 1.10 lot acres
Current Use by Public Records
- Super Star Car Wash / Car Wash
Property Details for 3528 College Blvd
- Year built
- 1990
- Lot size
- 1.10 lot acres
- Property size
- 4,195 SF
- Zone code
- COMMERCIAL
- Property type
- Car washes
- APN
- 168-012-53-00
- APU
- 1680125300
Description
Exceptional investment opportunity: a 4,195 sq ft Super Star Car Wash in Oceanside, CA (92056), situated on a 1.1-acre lot at 3528 College Blvd. This single-tenant property boasts a 20-year absolute NNN lease with a credit-rated corporate guarantor, ensuring consistent income. The lease features 10% rent bumps every five years, commencing at closing. The current NOI is $450,000, representing a 6.25% cap rate on the asking price of $7,200,000. Built in 2019, the property enjoys 100% occupancy and benefits from excellent visibility and access from College Blvd, a high-traffic area with approximately 64,700 vehicles per day. The surrounding area includes major retailers like Albertsons, Kohl's, Hobby Lobby, Grocery Outlet, TJ Maxx, and a Walmart Supercenter, along with a hospital and Mira Costa College, contributing to a robust and affluent demographic. The property includes 15 parking spaces. The lease includes six, five-year renewal options. This e-commerce and recession-resistant business benefits from an average of only 68 rainy days per year in Oceanside. The Super Star Car Wash brand has over 100 locations across four states, with significant expansion plans. This offering presents a secure, long-term investment with substantial upside potential. The property is bonus depreciation eligible (consult with a CPA to confirm).
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oceanside
- County
- San Diego
- State
- California
- Longitude
- -117.295
- Latitude
- 33.1801
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
