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COBBLESTONE CAR WASH  |  $5,900,000  |  6.35% CAP


The investment opportunity presents a compelling long-term prospect with a 20-year absolute triple net (NNN) sale-leaseback arrangement backed by a corporate guaranty from Spotless Brands, LLC, covering over 160 units. The lease structure includes 1.50% annual rental increases and four five-year tenant renewal options, potentially extending the lease term to 40 years. Additionally, the properties qualify for both 80% bonus depreciation and 15-year accelerated depreciation, offering advantageous tax benefits. Situated in a thriving retail corridor, the location boasts a strong lineup of well-known brands, including Target, Chick-fil-A, CVS, McDonald's, and more. The affluent community surrounding the property has an average household income exceeding $103,000 within a five-mile radius. Strong demographics, with over 133,000 individuals within a three-mile radius and 341,000 individuals within a five-mile radius, further enhance the property's appeal. The area experiences robust traffic counts, with over 158,300, 61,800, and 22,500 vehicles per day along Interstate 25, West 120th Ave, and Huron Street, respectively. Adding to the investment's attractiveness is the presence of educational facilities within a two-mile radius, including one high school, one middle school, and four elementary schools with a total enrollment exceeding 2,900 students. The tenant, Spotless Brands, founded in 2019, is a rapidly growing and major player in the car wash industry, operating over 160 car washes across the United States. With brands like Cobblestone Auto Spa, Okie Express Auto Wash, Flagship Carwash, and Ultimate Shine Car Wash, Spotless Brands is a leader in the industry, known for its state-of-the-art equipment and processes, delivering best-in-class service. Cobblestone, a flagship brand, is particularly notable for its leadership position in both Phoenix, AZ, and now in Denver, CO, offering efficient full-service car washes in less than 15-25 minutes.


Founder, Deltondo Advisory Group
(949) 698-2609

Senior Associate, Deltondo Advisory Group
(520) 609-8896

Adam Lewis
License: 100091205

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