Highlights
• Brand-new 20-year corporate absolute NNN lease with Quick Quack, a high-growth operator. • Quick Quack recently acquired by KKR for $850 million. • Newly built car wash in a high-demand desert market. • Strategic pad site adjacent to a Stater Bros–anchored shopping center. • Prime outparcel location within Midtown Square, a high-performing, grocery-anchored center. • Growing High Desert market experiencing strong revitalization and development momentum.
Description
Pegasus Investments Real Estate Advisory Inc., as the exclusive advisor to the seller, is pleased to present the opportunity to acquire a brand-new Quick Quack Car Wash strategically located within the Market Square shopping center in Hesperia, California. Situated on a 0.87-acre outparcel of a top-performing Stater Bros.–anchored center, the Property benefits from exceptional visibility and access along Main Street and E Avenue, one of the area’s most prominent retail corridors. The asset is secured by a 20-year absolute triple net (NNN) corporate lease with Quick Quack Car Wash, featuring 10% rent escalations every five years, including during each of the four 5-year renewal options, offering investors stable, long-term, inflation-protected income. The site was redeveloped from the former Kmart parcel at Midtown Square, with the remaining Kmart space already leased to a major national anchor tenant slated to open in 2026 (details available upon request). Quick Quack Car Wash has rapidly grown into one of the nation’s premier express exterior-only car wash operators, with over 280 locations spanning California, Texas, Utah, Arizona, Colorado, Oklahoma, and Washington. Supported by an $850 million minority investment from KKR in 2024, the company is pursuing an ambitious expansion plan focused on new site development, brand visibility, and an employee equity program now extended to all ~4,200 team members. With 22 new sites added in the first half of 2025 and dozens more in the pipeline, Quick Quack continues to scale its efficient, eco-friendly wash model across the country. The Quick Quack pad enjoys strong synergy within Midtown Square, a regional retail destination anchored by Stater Bros. and featuring Starbucks, Wingstop, US Bank, Subway, Little Caesars, KFC, Sizzler, and Cold Stone Creamery. The Property is also ideally located near Silverwood, a 9,366-acre master-planned community now under development in Hesperia. Silverwood’s first 646 solar-equipped homes, priced from the mid-$400,000s to $700,000s, are expected to deliver by early 2026, with a total of 15,663 homes planned at full buildout—alongside extensive parks, trails, and lifestyle amenities. This large-scale residential expansion will bring substantial population growth and retail demand to the area, directly benefiting the Property’s long-term performance. Hesperia’s population is projected to exceed 175,000 residents by 2030, reinforcing the city’s trajectory of sustained commercial and residential growth. Positioned in the High Desert region along the I-15 corridor, Hesperia serves as both a fast-growing residential hub and a critical pass-through market for regional freight and tourism traffic. The I-15 accommodates over 220,000 vehicles daily, connecting Southern California travelers to Las Vegas, Victorville, and mountain destinations. Ongoing infrastructure improvements, including interchange widening projects and the proposed Brightline West high-speed rail station, further elevate Hesperia’s role as a key commercial gateway in the Inland Empire, solidifying this offering as a high-quality, growth-backed investment opportunity.
Listing Details
- Cap Rate
6%
- Tenancy
Single
- Space Type
Specialty
- Sub Category
Car Wash
- Sale Type
Investment Sale
- Date Listed
10/8/2025
- Ownership Info
Fee Simple
- Broker/Agent Co-op
No
- Net Operating Income
$160,000
- Parking Info
6.67/1,000 SF
Property Specifics
- Property Name
16954 Main st - Quick Quack Car Wash
- Property Class
B
- No of Buildings
1
- No of Stories
1
- No of Units
1
- Year Built
2025
- Building Size
3,600 SF
- Lot Size
0.87 Ac
- Zoning
NC - Neighborhood Commercial
- Occupancy
100%