LAKE ELSINORE, Calif. – August 25, 2026 – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has arranged the $3.4 million sale of a newly constructed, single‑tenant Super Star Express Car Wash in Lake Elsinore, California. The property is located at the new Stater Bros-anchored retail development at the signalized intersection of Central Avenue and Cambern Avenue.
Hanley Investment Group’s Executive Vice President Bill Asher and Executive Vice President and Partner Jeff Lefko represented the seller and developer, Evergreen Devco, Inc. The buyer, a private investor based in Southern California, was represented by Dan Riley, senior vice president at CBRE.
“Investor demand remains very strong for single-tenant net-leased express car washes in California,” said Asher. “Tenants such as Super Star make a significant capital investment into each location, providing investors with security and certainty for long-term ownership.”
Asher noted, “We generated multiple qualified offers and secured a 1031 exchange buyer on a pre-sale basis prior to completion of construction and closed escrow shortly after the tenant opened for business.”
The newly built Super Star Car Wash features a 20-year absolute triple-net ground lease with 10% rental increases every five years during the base term and each option period. The lease includes minimal landlord responsibilities, offering investors a passive, long-term, service-oriented retail asset backed by a 115-unit, multi-state operator.
The property is a pad to the new Stater Bros-anchored center, positioned within the trade area’s dominant regional retail corridor, which sees 13 million annual visits, according to Placer.ai. Stater Bros is under construction and projected to open in the fourth quarter of 2026, joining co-tenants including 7-Eleven (open), Pollo Campero (sold earlier this year by Hanley Investment Group), Dutch Bros Coffee (currently marketed for sale by Hanley Investment Group), and additional new-construction retail pads.
The site benefits from excellent visibility along Highway 74/Central Avenue (28,000 cars per day) and immediate access to Interstate 15 (127,000 cars per day). The surrounding trade area includes Costco, Lowe’s, Target, Walmart Supercenter, The Home Depot, Aldi, LA Fitness, PetSmart and other national retailers.
“New-construction, service-oriented retail with long-term, absolute triple-net leases is one of the most highly sought after single-tenant investments in today’s market,” Asher said. “With Pollo Campero and Super Star Car Wash now open and Dutch Bros currently on the market, this Stater Bros-anchored development continues to attract investors seeking high-quality, best-in-class net‑lease assets in one of California’s fastest-growing markets.”
About Evergreen Devco, Inc.
Evergreen is a fully diversified real estate company specializing in retail, multifamily, industrial, and mixed-use development. Founded in 1974, Evergreen has completed more than 650 projects across 21 states. The company is currently engaged in more than 60 active developments and employs more than 70 people, with offices in Arizona, Colorado, Utah, and California. Evergreen has earned a reputation as a principled industry leader that delivers high-quality real estate through proven execution, inventive solutions, and partner-first relationships.
About Hanley Investment Group
Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with a transaction track record exceeding $13 billion, specializing in the sale of grocery-anchored, anchored, multi-tenant and single-tenant retail properties nationwide. The firm’s expertise, proven track record spanning more than 20 years, and dedication to putting clients’ needs first set it apart in the industry. Hanley Investment Group creates value by delivering exceptional results through property-specific marketing strategies, cutting-edge technology and local market knowledge. Hanley Investment Group’s relationships with investors, developers, institutions, franchisees, brokers and 1031 exchange buyers translate into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties.
For more information, visit hanleyinvestmentgroup.com.
Media ContactCompany Name: Hanley Investment Group Real Estate AdvisorsContact Person: Bill Asher, Executive Vice PresidentEmail: Send EmailPhone: 949.585.7684Address:3500 East Coast Highway, Suite 100 City: Corona del MarState: CaliforniaCountry: United StatesWebsite: https://hanleyinvestmentgroup.com/
