Property Type : Special Purpose
Sub Type : Car Wash
Square Footage : 2,863
Acreage : 1.09
Cap Rate : 8.08%
NOI : $420,000
Tenancy : Single
Units : 1
Lease Type : NNN
Occupancy : 100%
Investment Type : Sale/Leaseback
Net Rentable (SqFt) : 2,863
Rent Bumps : Yes 3% Every 2 Years
Lease Commencement : At Closing
Lease Term : New 10 Years
Lease Options : Two 10 Years
Base Rent : $35,000 / Month + NNN
We are pleased to present an exceptional opportunity to acquire a highly desirable commercial real estate asset, including fee simple ownership of the underlying land and property. Premier-built as a car wash facility, this site is strategically located in a high-growth commercial corridor with unparalleled visibility and high traffic counts, situated in close proximity to Interstate 85.
This property has consistently proven its value in a thriving metropolitan market, offering long-term strategic upside for an investor, developer, or owner-operator. Whether you intend to lease to an established operator, reposition the asset, or redevelop the site to capitalize on its prime location, this offering represents a rare chance to secure prime, highly visible real estate with exceptional long-term appreciation potential.
1. PROPERTY DESCRIPTION
The offer includes the fee simple interest in the real estate, comprising approximately 1.09 acres, improved with a state-of-the-art Flex Car Wash facility. The property features:
Tunnel Length: Approximately 100’, purpose-built for car wash operations.
Wash Systems: Equipped with both automated tunnel wash capabilities and self-service vacuum, offering diverse service options to cater to a broad customer base.
Ancillary Services: Includes vacuums, detailing bays, and potential for additional revenue streams (e.g., vending, loyalty programs).
Site Layout: Efficient and customer-friendly layout designed for optimal vehicle flow and high throughput. Ample queuing space and customer parking are available.
Pay Station: 2 Pay Station Systems less than 5 years old.
Vacuum: 30 Vacuum Spaces, 2 Detail Spaces.
2. LOCATION ANALYSIS
The car wash is positioned in a truly prime location, characterized by:
Very High Visibility: Prominently situated on a major thoroughfare with excellent street frontage, ensuring maximum exposure to passing traffic.
High Traffic Area: Benefits from exceptionally high daily traffic counts, drawing a consistent flow of potential customers from both local residents and commuters.
Proximity to I-85: Located strategically just off of Interstate 85, a major regional artery, providing convenient access for a wider customer radius. This proximity captures both local and transient vehicle traffic.
Long-Term Growth: The surrounding area has experienced continuous and robust growth over the last 10 years, encompassing residential, commercial, and retail development. This sustained growth trajectory ensures an expanding customer base for the foreseeable future. Demographic trends indicate continued population and income growth, further enhancing the site's value.
KEY INVESTMENT HIGHLIGHTS
Fee simple ownership of prime real estate (approximately 1.09 acres)
Proven track record with consistent revenue growth over 10+ years by the tenants
Strategic location near I-85 with exceptional visibility and traffic counts
Stable, experienced management team (7+ years) committed to transition
Long-tenured employees (4-17 years) dedicated to remaining post-sale
State-of-the-art facility with 100-foot tunnel and 30 vacuum spaces
No direct full-service competition within 5-mile radius
Substantial untapped revenue potential through strategic marketing initiatives
Base Rent $35,000.00, New 10 Year NNN lease with 10 Year Option at Closing
3% Increase every 2 years.
Lease Buy Back Option or Lease Purchase Option with RFOR
