Car Wash Portfolio - New Construction - Touchless In-Bay Automatics

Retail-Commercial for Sale
Catylist Listing ID: 30872782
Property Subtypes: Car Wash
Building Size (RSF): 5,374 SF
Gross Building Area: See Agent
Sale Price: $9,500,000
Unit Price: $1,767 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 11.34%
Last Updated: 5/23/2024

Overview / Comments

Opportunity to acquire three newly constructed car wash properties strategically located in New Hampshire and Maine. These operations are positioned to take advantage of high daily traffic counts in popular local trade areas. The Acadia Carwash in Ellsworth, Maine and the Granite State Carwash in Rochester, New Hampshire are fully operational, while the Keene, New Hampshire location will be coming online during the Summer of ’24. This opportunity will allow a new owner to benefit from significant cash flow growth as the properties stabilize.

To obtain more detailed financial information, the execution of a confidentiality agreement is required. Please refer to the attached document for further instructions.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Submarket/Township: Dover/Rochester/Somersworth
Tax ID/APN: Various
Zoning: DT-DOWNTOWN; COM-COMMERCIAL; HIGHWAY COMMERCIAL
Retail Clientele: General, Family, Business, Traveler
Property Visibility: Excellent
Total Number of Buildings: 3
Lot Frontage: Unknown

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,581 27,372 40,305
Median Age: 37.12 40.32 40.73
Households: 2,777 11,210 16,403

Contact

Photograph of Listing Agent

Joseph Italiaander

The Boulos Company NECPE Member
Photograph of Listing Agent

Christopher Gallagher

The Boulos Company NECPE Member
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