369 Mountain Ave Upland, CA 91786
- Commercial real estate
Current Use by Public Records
- Mountain View Auto Spa & Repair / Car Wash
- Jamba / Juice Shop
- Mountain View Speed Wash / Car Wash
Property Details for 369 Mountain Ave
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 20-year absolute NNN lease on a nearly one-acre car wash in Upland, California. Located at a signalized intersection on a major retail corridor with over 40,000 cars passing daily, this property boasts a prime location surrounded by national tenants. The 42,240 square foot lot offers multiple points of ingress and egress. The tenant, responsible for all expenses, recently completed a full site remodel, significantly upgrading the property to a high-volume express car wash prototype. The lease features a 6.25% cap rate and 1.5% annual rent bumps, ensuring a stable and growing income stream for the next two decades. This fee-simple offering includes both land and building, providing a secure and attractive investment with minimal landlord responsibilities. The property's strong tenant, long-term lease, and strategic location make it an ideal addition to any commercial real estate portfolio. The asking price is $6,400,000. This is a 100% occupied, single-tenant property.
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
- Upland
- County
- San Bernardino
- State
- California
- Longitude
- -117.6708536
- Latitude
- 34.0981498
