The Hanley Investment Group organizes the sale of two new Quack Quack Car Wash Properties for $ 5.38 million to separate buyers | Business page for financial content – financial content

The new fast charlatan construction in Grand Terrace, California

Grand Terrace & Lodi, California – Hanley Investment Group Advisors Advisors, the nationally recognized intermediary and consultative real estate company specializing in retail property sales, announced today that it has organized the sale of two new construction, one -story properties occupied by the fast car accident Buyers within 30 days in California. The two properties sold for a combined $ 5.38 million, each with a new absolute leasing of three net nets with an original 20-year period.

Grand Terrace (San Bernardino County), California

At the first transaction, Hanley Investment Group Executive Vice Presidents Bill Asher and Jeff Lefko represent the seller and developer, 5th street in Del Mar, California, in the sale of a new leasing for car washing at 22181 in the city in the city of Grand Terrace city in San Bernardino County, for $ 2.7 million. The car wash is located at 1.35 acres of the Market-Later Bros. shopping shopping mall in the hard corner of Michigan Street and Trade, right from Interstate 215 (177,000 cars per day). The Stater Bros. Market. He has 1.1 million annual visits and is ranked in the top 20% in the chain, according to Placer.Ai. The mall’s joints include AutoZone (top 1% in California, Placer.Ai), Miguel’s Jr. and McDonald’s. The buyer, a private investor based in Pasadena, was presented by Patrick Tumi, CEO of institutional ownership advisers in El Segundo, California.

“We have secured a completely monetary, recurring buyer through a long-standing connection to the broker before official marketing started and facilitated a quick 14-day transaction from the opening of Escrow to closing,” Asher said. According to Asher, the new 20-year-old absolute triple network leasing has a 10% increase every five years during the initial period with four five years.

Lodi (San Hoaquin County), California

In the second transaction of Hanley Investment Group, Asher and Lefko presented the seller when selling a new leasing for a fast quake on a 515 southern lower Sacramento Road in Lodi, San Joaquin County for $ 2.68 million. The property was developed by Mee Capital Investments and Adval Properties, Inc., on behalf of a private partnership. The car wash is located at a 1.0 acre exit to the shopping center of Raley’s Grocery, near the signaled intersection of the Sacramento Road road on southern Lower Sacramento Road Road (main road artery and commercial corridor) and Avenue West Lodi (27,000 cars a day at the intersection). The mall’s joints include Charter School Vista Oaks, great videos, batteries + bulbs, Huntington and Speedway training center. Retail Merchants on the path of Lower Sacramento include Walmart Supercenter, Lowe’s, Target, Safeway, Bevmo, Burlington, Five below, Food 4 Less, Hobby Lobby, In-Uth Burger, Marshalls, PetCo Ulta Beauty. Lodi is only 35 miles from the center of Sacramento and 80 miles east from San Francisco. Nearly 40% of the primary wine wine in California is grown in this region, which makes Lodi the “Winegrape capital of the world”. Several large companies are located in Lodi, including manufacturers on the Pacific coast, CON AGRA FOODS, KUBOTA and Blue Shield from California. The buyer, a private investor in Central California, was represented by John Curafas of Visintainer Group, headquartered in Freen, California.

“We have generated numerous competitive offers to maximize the sale price for the seller and purchased an Allcash 1031 exchange buyer,” Asher said. “We secured the buyer before the tenant starts construction, contracts for a 21-day emergency period and 35-day Escrow, and close the transaction before the tenant opening and renting.”

According to Achher, the new 20-year-old absolute leasing on a triple network has a 10% increase every five years during the initial period with five 10-year options.

In mid -October 2024, Asher and Lefko arranged the sale of a newly built fast car wash in the Yuka Valley, California. The car wash is located on a pad in the mall, fixed with the quarrel of the office on the Twentynine Palms highway in San Bernardino County. The selling price was $ 2.04 million for the absolute leasing of ground leasing.

Founded in 2004, Quick Quack is one of the largest and fastest growing express car wash operators in the United States, with over 230 seats in California, Texas, Arizona, Utah and Colorado.

In June 2024, KKR, a leading world investment firm and a fast quack, announced that the investment funds managed by KKR had made a significant investment in minorities in the fast Quak. The founders of Quick Quack and his longtime stock partner, Seidler Equity Partners, will continue to have meaningful bets in the company with KKR. The new investment will support the continuous acceleration of rapid quack through innovation, marketing and biological expansion of new and existing markets.

Achher emphasizes that the growth of the car washes industry is managed by several factors: it is based on services and internet sustainable, there are more cars across the country leading to more daily washes, and the express model of car wash is reduced above the head in place. In addition, the value of customer life is expanding due to unlimited WASH subscription programs and the industry has evolved to have a greater sense of retail trade with increased mergers, new investments and efforts to expand. More customers prefer a professional car wash over the method of yourself, further searching for driving.

“Express car washes are one of the most profitable tenants in the net leasing sector, so we expect that this segment will continue to experience a steady demand for investors in the future,” Asher said. “With margins between 50% to 60%, the average location can be very profitable and withstand potential future economic challenges.”

Asher added: “In certain markets, the best working car washes have filled vacant pads, former stores and junior boxes and turn into quasi anchors in a shopping center. These car washes can bring tens of thousands of cars to shop for shopping centers annually.

In the last 48 months, Hanley Investment has completed the sale of $ 406 million for investments occupied with a car wash.

For Hanley Investment Group

Hanley Investment Group Real Estate Advisors is a real estate mediation and consulting services company with over $ 11 billion transactional experience that specializes in retail sale throughout the country. Our experience, proven experience and unwavering dedication to customers’ needs first divide us into the industry. The Hanley Investment Group creates value, providing exceptional results through the use of property -specific marketing strategies, avant -garde technology and local market knowledge. Our national relationships with investors, developers, institutions, franchisees, brokers and 1031 exchange buyers are incomparable in the industry, becoming maximum exposure and prices for every property. With an incomparable Hanley Investment Group service, the experience of selling in investment properties at retail.

For more information, visit www.hanleyinvestment.com.

Contact with the media
Name of Company: Real Estate Advisers Hanley Investment Group
Contact person: Bill Asher, Executive Vice President
Email: Send an email
Phone: 949.585.7684
Address:Highway 3500 east coast, apartment 100
City: Crown del Mar
Condition: California
Country: USA
Website: