Sun Day Car Wash

Investment Highlights

• Stabilized NNN Income Stream (Ground Lease) - Tenant Sun Day Carwash pays $532,000/yr in absolute NNN rent with 2% annual escalations - zero landlord expense obligations. Guaranteed by Sun Day Carwash Inc. corporate guaranty.
• Long-Term Lease with Multiple Options - 20-year initial term commencing February 2024, plus two 5-year and one ~5-year renewal options - providing approximately 35 years of total term. Options exercisable with 210-day notice; no landlord obligation to advise.
• Irreplaceable Los Angeles Location - Positioned on N. Figueroa Street in Highland Park - one of LA's fastest-growing urban neighborhoods. High-traffic corridor with strong daytime population and limited new car wash supply. Land appraised at $1.95M as-if-vacant.
• Clean Lease Structure - Triple net structure with tenant responsible for 100% of operating costs, real property taxes, insurance, and all maintenance including structural. Landlord's sole obligation is ground rent passthrough. No landlord CapEx exposure.
• Two Distinct Exit Strategies - Buyers may acquire the sandwich leasehold for immediate NNN income, or pursue fee simple consolidation by acquiring the underlying ground - unlocking a materially higher exit valuation of $8.5M-$8.6M per independent appraisal.