High Performing Car Wash

Retail-Commercial for Sale
Catylist Listing ID: 30773558
Property Subtypes: Car Wash
Building Size (RSF): 4,200 SF
Gross Building Area: See Agent
Gross Land Area: 0.55 Acres
Sale Price: $850,000
Unit Price: $202.38 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 13.41%
Last Updated: 11/23/2021

Overview / Comments

Absolute Investment Realty has been selected as the exclusive representative of the owner of the high-performing Splash N Dash car wash located in Albuquerque, NM. The property is situated on a busy thoroughfare in a centralized area of the city, is meticulously maintained, and has proven income with opportunity for upside.

Income growth since 2020 has been exceptionally strong and is on track to show $114,000 in Free Cash Flow on Gross Revenues of $217,000 in 2021.. This portfolio is poised for a new owner to implement enhancements and realize even more potential. Don’t miss this fantastic opportunity to acquire one of the most desirable car-wash locations in Albuquerque.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Northeast
Tax ID/APN: 102006048401240419
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Site Description: The property is located at the busy intersection of Candelaria and Eubank. It is beautifully maintained, highly visible and uses high end car wash equipment. The property comprises *5 Carwash Bays-1 Automatic Wash *1 Emissions Test Bay *10 Vacuum Stations *Two-story building-office and laundry on 2nd floor
Tenancy: Single Tenant

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,366 170,499 314,894
Median Age: 40.56 40.64 39.28
Households: 10,396 76,836 138,745

Contact

Photograph of Listing Agent

Alfredo Barrenechea

Absolute Investment Realty CARNM CIE Member
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