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International Car Wash Group

$ 3,785,307
Aurora, Colorado
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Address: 21435 E Quincy Ave, Aurora, Colorado, United States 80015

Type: Net Leased Car Wash

Cap Rate: 5.75%

Lease Type: Triple-Net (NNN)

Annual Rent: $217,655

Net Operating Income: $217,655

Lease Term Remaining: 20

Rental Increases: 1.50% Annually

Rentable Sq/Ft: 4,120 SF

Rent Sq/Ft: $52.83

Price Sq/Ft: $919

Lot Size: +/- 0.85 Acres

Marcus & Millichap is pleased to present the exclusive listing for 21435 East Quincy Ave in Aurora, Colorado. The tenant will enter into a brand new, 20-year triple-net (NNN) lease upon close of escrow with absolutely no landlord responsibilities. The base annual rent will be $217,655 and will be subject to 1.50% annual rental escalations throughout the base term as well as the four, five-year tenant renewal option periods. The lease will have a corporate guarantee. International Car Wash Group operates more than 900 locations throughout the United States and Internationally. The property is 4,120 rentable square feet and is situated on 0.85 acres.

The subject Car Wash benefits from being well-positioned in a retail corridor consisting of national and local tenants, as well as an abundance of new housing developments. Major national tenants in the area include Walmart, Starbucks, Taco Bell, 7-Eleven, T-Mobile, Marco’s Pizza, and many more. The property is also surrounded by several new housing developments such as KB Home Copperleaf Villas, East Quincy Highlands, Tallgrass, and Spring Creek Meadows. The subject property is also located approximately 15-miles outside of downtown Denver, Colorado’s largest city. Denver International Airport, which saw a record-setting 64.5 million passengers in 2018, is also located less than 15-miles from this Car Wash.
The site is situated on East Quincy Ave, which has average daily traffic counts of 22,100 vehicles. East Quincy Ave directly intersects with E-470, which each bring an additional 22,000 vehicles into the immediate area per day, respectively. There are approximately 110,500 individuals within a three-mile radius of this property and 235,500 individuals within a five-mile radius.
Aurora is a city of Colorado, spanning Arapahoe and Adams counties, with the extreme southeastern portion of the city extending into Douglas County. Aurora is one of the principal cities of the Denver-Aurora-Lakewood, CO Metropolitan Statistical Area (Metro Denver). The city is the third most populous city in the state of Colorado and the 54th most populous city in the United States. From agricultural outpost to military bastion, Aurora established its foundation as a driving force in the west. Aurora’s strategic comprehensive plan emphasizes the formation of livable, full-service neighborhoods. Aurora provides access to quality education. Four school districts and 12 campuses of higher learning meeting the instructional needs of residents and those beyond the city limits. Just minutes away from Denver International Airport, Aurora is home to a vibrant business environment, including major industries such as aerospace and defense, renewable energy, bioscience and health care, and transportation and logistics. Tree-lined streets, open prairie, majestic views of the mountains and ample neighborhood parks make Aurora neighborhoods a comfortable place to call home. More than 450 neighborhoods complete the fabric of the community.

 

B.O.R Bob Kaplan  License: ER100052334

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Glen Kunofsky

President, Founder
(212) 430-5115

Edward Otocka

Senior Managing Director, Investments
(212) 430-5235

William Taussig

Analyst
(646) 805-1489