Top Performing Regional Location | Absolute NNN Sale-Leaseback

Essential CRE is pleased to present the opportunity to acquire the fee simple interest in the Midas | SpeeDee Oil Change located at 1496 Freedom Boulevard in Watsonville, CA (Santa Cruz County). The subject property is 4,382 square feet, resides on .51 acres of land and was constructed in 2007. This location benefits from being positioned on a high-visibility, signalized intersection with 25,832 average daily traffic counts. This Midas | SpeeDee Oil Change is an acclaimed “Platinum” store as one of the top performing operators in the region with 2021 annual sales of $2,489,000 . Freedom Boulevard is one of Watsonville's primary commercial arterials with retailers such as AutoZone, O'Reilly Auto Parts, 7 Eleven, McDonald's, Carl's Jr, Taco Bell and Walgreens on located within close proximity.

New 10-Year Absolute NNN Sale-Leaseback with 2% Increases Every Two Years
Top Performing Franchisee in Region - In Operation for 15 Years - Platinum Store - $2,489,000 Annual Sales in 2021
Located on High-Visibility Commercial Corridor - Signaled Intersection with Strong Traffic Counts - 25,832 ADT

Watsonville, California, in Santa Cruz county, is 15 miles E of Santa Cruz, California (center to center) and 30 miles S of San Jose, California. The city is situated in the Pajaro Valley. Watsonville is a major agriculture and food processing area. The municipality is surrounded by agricultural land. Strawberries, apples, raspberries, lettuce, artichokes, broccoli, brussels sprouts, blackberries, mushrooms and cut flowers are some of the primary crops. The Eastern Highlands are utilized for cattle grazing, timber production and includes vineyards and orchards.
Watsonville is home to the headquarters of Driscoll's Strawberries, West Marine, Sweet Darling Strawberries and Martinelli's, a prominent producer of sparkling apple cider. Light industry, manufacturing and the service industries are factors for the economy. The majority of the coast land bordering Watsonville is included in the Monterey Bay Sanctuary. The Santa Cruz Mountains can be seen from parts of the city. Watsonville features cool winters and mild summers. Fog and low overcast are typical occurrences during the night and morning, particularly during the summer. The city has a very large Hispanic population and a sizeable Asian-American community.