SRS is pleased to present the rare opportunity to acquire the fee simple interest (land and building) in a freestanding, single tenant, absolute NNN leased Raceway Car Wash investment property located in Mesa, Arizona (Phoenix MSA). The tenant, Gilbert Rd Car Wash LP will execute a brand new 20-year lease (sale leaseback), with 4 (5-year) option periods and annual 1.50% rental increases at the close of escrow. The lease is corporate guaranteed by one of the largest and fastest growing car wash operators in the nation (35+ units), and is absolute NNN with zero landlord responsibilities.

Offering Memorandum

Offering Memorandum (copy)

The subject site is located at the signalized, hard corner intersection of Baseline Road and S. Gilbert (combined 81,600 cars per day) with excellent visibility and access. The property is an outparcel to a center which includes Discount Tire, Jake’s Unlimited, Dignity Health, increasing consumer traffic and promoting crossover shopping. Raceway Car Wash is ideally located in a dense retail corridor, and tenants located at the Baseline Road and S. Gilbert intersection include Fry’s Grocery, Sprouts, Trader Joe’s, Walgreens, and Starbucks. Other tenants within the area include Walmart Supercenter, Sam’s Club, PetSmart, Conn’s, Party City, Ross, HomeGoods, and more. The 5-mile trade area is supported by an average household income of $71,000. More than 405,000 residents and 139,000 employees support the trade area.

Mesa, AZ (Gilbert Rd) - Raceway Carwash

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Shaun Parnell joined SRS in 2022 with more than 15 years of experience focused on marketing technology. He focuses on improving user experience, efficiency, and effectiveness of our website, property search platform, and marketing software tools.Shaun initially began his career in digital media and analytics, but found greater passion developing holistic solutions that leverage data and technology more broadly to drive growth and support service delivery. He has advanced technical expertise across a variety of advertising, marketing, and cloud service applications that helps translate objectives into actionable plans with tangible results. A puzzler at heart, Shaun is always curious about finding new ways to solve problems.

Shaun Parnell

Shaun focuses on improving user experience, efficiency, and effectiveness of our website, property search platform, and marketing software tools.

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Mesa, AZ (Gilbert Rd) - Raceway Carwash

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