Diamond Multi-Tenant Center 3091 Military trl

Marcus & Millichap proudly presents the exclusive offering of a high-performing, turn-key Express Car Wash, an exceptional opportunity to acquire a premier car wash facility in Lake Worth Beach, Florida. This property, situated on a spacious 2.07-acre lot, offers investors the rare chance to secure both the business and underlying real estate of a state-of-the-art car wash without the complexities of zoning, building, or site planning.
Investors will find this car wash an attractive proposition amidst Palm Beach County’s dynamic market. The property features 21 new vacuum stations and modern car wash technology, ensuring high operational efficiency and customer satisfaction. Extensive aesthetic upgrades to the entire property, including updated tunnel and car wash equipment, have been completed within the past two years. With a robust membership program offering the most affordable rates in the region, this turn-key opportunity provides both immediate cash flow and long-term growth potential.
Strategically located on South Military Trail, a bustling thoroughfare with a traffic count exceeding 43,000 vehicles per day, this car wash occupies a prime position with significant frontage. The surrounding community includes approximately 345,000 residents within a 5-mile radius, with an average household income of nearly $80,000. This favorable demographic and high traffic volume well exceed the threshold needed to sustain a high-performing Express Wash.
Since reopening after renovations and under new management a little over 18 months ago, the car wash has experienced significant revenue growth. The Car Wash’s net operating income is up 51% over the past six months compared to the previous six months, reflecting its strong financial performance.
In addition to the car wash, the property includes a recently updated retail center that provides guaranteed and consistent cash flow through short-term NNN rents. The retail center is not only 100% occupied but also has a waiting list of tenants eager for an opening. This multi-tenant building complements the car wash, ensuring steady, year-long income from two different sources regardless of weather conditions and other variables.
Palm Beach County, known for its robust and attractive market for real estate, particularly retail, offers a favorable environment for investment. The county benefits from a strong economic landscape supported by diverse industries, including tourism, healthcare, and technology. Its strategic location along major transportation routes enhances its appeal as a hub for commerce and distribution, fostering economic resilience and attracting businesses seeking efficient logistics solutions.
Don’t miss out on the opportunity to capitalize on Palm Beach County’s thriving economy and secure a stake in the region’s premier car wash market. This unique investment opportunity, represents a unique investment offering both immediate benefits and long-term growth potential in a sophisticated and streamlined manner.