What is the asking price for Sun Day Car Wash?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at Sun Day Car Wash?

This property is listed as Single Tenant.

What is the total size of Sun Day Car Wash?

The property has a total square footage of 12,998 SF.

When was this property built?

Sun Day Car Wash was built in 1974.

How many parking spaces are available at Sun Day Car Wash?

Parking information for the property isn't currently listed. However, other nearby parking options include LADOT Parking Lot 635, located 0.44 miles away , and LADOT Parking Lot 672, which is 0.47 miles away.

5128 N Figueroa St, Highland Park, CA 90042, Highland Park, CA 90042

For Sale $3,481,390
Property Type Retail
Property Size 12,998 SF
Units 1
Lot Size 0.3 Acre
Property Tenancy Single Tenant
Year Built 1974
Year Renovated 2023
Date Updated May 13, 2026

Description

Discover the vibrant energy of Highland Park, a dynamic neighborhood in the heart of Los Angeles. Surrounded by a mix of trendy boutiques, eclectic eateries, and artisanal coffee shops, the area exudes a bohemian charm. With its proximity to the bustling Figueroa Street, the property is ideally situated for a retail space, inviting foot traffic and exposure to a diverse, engaged local community. Nearby attractions such as the Highland Park Bowl, Occidental College, and the historic Highland Park Theatre add to the appeal, creating a dynamic and enticing environment for retail businesses to thrive.

Highlights

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.
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.
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.
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.
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.