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: |
5/6/2022 |
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.
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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 |
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 |
|
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