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10/22/24
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A private investor from Newton, PA acquired a new construction Quick Quack Car Wash in Yucca Valley, CA for $2.04 mil for the absolute triple-net ground lease. The car wash is located on a pad within a Stater Bros-anchored shopping center.
Built in 2023, the 3.6k sf Quick Quack Car Wash sits on a 0.79-acre pad at 58024 Twentynine Palms Hwy (21,000 cars per day), near the signalized intersections of Hilton Rd and Twentynine Palms Hwy, and Balsa Ave and Twentynine Palms Hwy.
Other tenants at the Stater Bros-anchored shopping center include Dollar Tree, Harbor Freight Tools, Tractor Supply Co, Jack in the Box, Pizza Hut, and Subway.
Strategically situated along Twentynine Palms Hwy, a major traffic thoroughfare and commercial corridor that stretches across all of San Bernardino County, the property benefits from significant visibility and accessibility. Retailers along Twentynine Palms Highway include Walmart Supercenter, The Home Depot, ALDI, Big Lots, Grocery Outlet, Marshalls, Petco, Ross Dress for Less, Rite Aid, Vons, and Walgreens. The highway serves as the primary arterial that connects Interstate 10 to all of the cities and towns in the Morongo Basin.
Hanley Investment Group’s Executive Vice Presidents Bill Asher and Jeff Lefko represented the buyer and the seller, a private partnership based in Orange County. The buyer owns a portfolio of similar single-tenant retail investments across the country.
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