2-Location Car Wash Portfolio
| Asking Price: | $1,600,000 |
| Established Year: | 2001 |
| Gross Revenue: | $263,520 |
Grant-Murray Real Estate is pleased to present for portfolio sale 6830 Cliffdale Rd. (“Cliffdale Laserwash”) and 2609 Camden Rd. (“Camden Road Laserwash”) located in Fayetteville NC. The T-12 combined net operating income is $162,781 (10.17% cap rate).
The Cliffdale Laserwash consists of two (2) automated laser washes, five (5) self-wash bays, and six (6) vacuum stations, and two (2) vacuum/shampoo/fragrance stations located on 0.83 acres. The traffic count is 35,755 VPD. The T-12 net operating income is $82,286. The property is located in the Southwest Fayetteville Submarket .75 miles from I-295 (Exit 21), providing convenient access to major roads in and around Fayetteville. The property is surrounded by nearby multi-family developments and single-family subdivisions, providing a steady customer base.
The Camden Laserwash consists of two (2) automated laser washes, five (5) self-wash bays, and four (4) vacuum stations located on 0.79-acres. The traffic count is 8,047 VPD. The T-12 net operating income is $80,495. The property is located in the Southwest Fayetteville Submarket .08 miles from Owen Dr. (34,000 VPD) and .67 miles from I-95 Business, which also provides a steady customer base.
Both locations are well-maintained and present an excellent investment opportunity.
