Car Wash Business for Sale

Raceway Car Wash For Sale in Phoenix


Investment Highlights:
- New 20-Year NNN Lease with 17 years remaining
- Annual 1.50% Rental Increases with three 5-year options
- Absolute NNN Lease with NO Landlord Responsibilities

Listing Price: $4,946,000
Cap Rate: 5.75%
Tenant Name: Raceway Car Wash
Years Remaining On Lease: 16.9
Gross SF: 1,570
Guarantor: Franchisee Guarantee
Rentable SF: 1,570
Price/Gross SF: $3,150.32
Lease Type: Triple Net (NNN)
Rent Per Square Feet: $181.14

Investment Overview:
Tenant Operates 34+ Units. Store Performance is strong and increasing every year. Located in a Strong Retail Corridor with many strong National tenants. Strong Demographics (3-Mile Radius). More Than 190,000 Residents. Daytime Population of More Than 177,636. Younger Population (3-Mile Radius). 51.79% of Residents Under 35
Median Age: 33. Nearby Businesses & Schools: Frys Food Store, ARCO, Apollo High School, Palo Verde Middle School, Roadrunner Elementary School and More.

Members profile:

Advertised by: Don Emas (click here to see full profile)

Ad Details

Garage Spaces (put 0 if this does not apply) 2.00
Auto Use Allowed Yes
Property is For Sale
Parking Spaces Outside 30
Price $4,946,000 USD

Buildings & Land

Property Name Raceway Car Wash
Property Types Vehicle Related, Retail
Land Types Retail

Use & Status

Best Property Use This is an investment property
Construction Status: Existing Structures

Unique Sale Issues

Type of Sale Real Estate Agency Sale
Lease Type NNN




Address 7801 N 43rd Ave
City Phoenix
State AZ
Postal Code 85051
Country USA

Call Me!

Phone (909) 456-3425
Cell Phone (951) 203-7702
Ad id: 70923976
Ad views: 708