Last Updated on April 1, 2026 by The HD Post Staff
Photo credit: Hanley Investment GroupHESPERIA — A series of retail property deals across the Inland Empire is signaling continued investor demand for net-leased assets, even as higher interest rates reshape the market.
The latest includes two newly built Quick Quack Car Wash properties in Hesperia and San Bernardino that sold for a combined $5.22 million, according to Hanley Investment Group.
The Hesperia location sold for $2.56 million, while the San Bernardino site sold for $2.65 million, both backed by 20-year triple-net ground leases.
Other recent deals across Southern California show similar investor demand.
In Murrieta, a Quick Quack car wash property sold alongside a Popeyes site for $6.9 million, while a separate Quick Quack property in Riverside is in escrow at roughly $5.3 million.
Single-tenant retail properties — including car washes, fast food and coffee shops — have become a target for investors seeking stable, long-term income.
The activity reflects continued interest in retail properties tied to everyday consumer spending.
Car washes are a fast-growing retail segment
In Hesperia, the property sits along Main Street near Interstate 15, a high-traffic retail corridor anchored by major shopping centers.
The San Bernardino site is located along Hospitality Lane near Interstate 10, with visibility to more than 200,000 vehicles per day and proximity to hotels, offices and retail destinations.
Even with higher borrowing costs, car washes are emerging as a fast-growing retail real estate segment.
The industry generates more than $20 billion annually, with profit margins typically ranging from about 20% to 50%.
Nearly 80% of drivers now use professional car wash services.
Quick Quack Car Wash, which operates more than 300 locations nationwide, has continued expanding with backing from major investors.
KKR, a worldwide investment firm, acquired an $850 million minority stake in Quick Quack, signaling strong institutional confidence in the company’s growth.
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