AVONDALE, Ariz., October 11, 2023 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Super Star Car Wash, a 11,662-square-foot net-leased property located in Avondale, Arizona. The asset sold for $5.5 million.
Zack House, Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Super Star Car Wash is located at 1607 N Dysart Road in Avondale, Arizona. The subject property has a 20-year absolute triple-net lease with a corporate guarantee and 10 percent rental increases every five years. Avondale is a growing trade area in the Phoenix MSA with households projected to increase more than 8 percent by 2027.