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Investor Buys Two Tucson Super Star Car Washes in Sale-Leasebacks

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  • Investor Buys Two Tucson Super Star Car Washes in Sale-Leasebacks
3rd Quarter Sales
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October 3, 2024
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Karen Schutte
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TUCSON, AZ (October 3, 2024)—Two Super Star Car Washes were sold for $5. 96 million in sale-leaseback agreements. The two car washes at 13550 E Colossal Cave Road in Vail and 5770 W Cortaro Farms Road in Marana were sold to Essential Property Realty Trust of Princeton, NJ.

When sold, the car wash at Cortaro Road was under construction, while the other at Colossal Cave opened in December 2023. Both will continue to operate as Super Star Car Washes.

Founded in 1993 and based in Phoenix, AZ, Super Star Car Wash is a family-owned business with 98 locations in Arizona and California, spanning the Southwest and West Coast. The Company is dedicated to making its customers’ lives easier by providing friendly, fast, and exceptional automotive care services.

Berkeley Capital Advisors in Ohio handled the transactions.

For more information, Essential should be reached at 609.436.0619.

To learn more, subscribers should visit RED Comp #11487 and #11488.

 

 

 

 

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