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 car wash investment property located in Mesa, Arizona. The tenant, Power Road Carwash II LP, will execute a brand new 20-year lease (sale leaseback), with 3 (5-year) option periods and annual 1.50% rental increases. The lease is corporate guaranteed by one of the largest and fastest growing car wash operators in the nation, and is absolute NNN with zero landlord responsibilities.

Offering Memorandum

Offering Memorandum (copy)

The subject site is located near the signalized, hard corner intersection of E. University Drive and N. Power Road (combined 47,200 cars per day) with excellent visibility and access. The property is located in a strong retail corridor with nearby national/credit tenants that include Dollar Tree, Joann, Goodwill, Firestone, Dollar General, Napa Auto Parts, and more, further increasing consumer traffic and crossover shopping to the trade area. The 5-mile trade area is supported by a dense population of approximately 272,000 with an average household income of $73,000.

Mesa, AZ - Raceway Express Car Wash

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<p>Ivy Kwon joined SRS Real Estate Partners in 2017 and is a Senior Marketing Associate in the Newport Beach office. Ivy is responsible for online marketing including social media and email marketing for SRS’ Capital Markets team. She also oversees pipeline management and coordinates events. Before joining SRS, Ivy worked in the entertainment industry doing marketing and merchandising. </p><p>Ivy has a BA degree from Chapman University. </p>

Ivy Kwon

Senior Marketing Associate

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Mesa, AZ - Raceway Express Car Wash

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