Express Carwash - PA

Real Estate Only | New NNN Lease

NNN-Lease-Carwash-For-Sale-Passive-Income-Real-Estate-Only-Thumbnail

Asking Price:

$4,333,333

Snapshot

MODEL: Express

AREA: Pennsylvania

EBITDAR: $990K

LEASE: New 20 Yr NNN

EXT: Two 5 Yr

ESCALATIONS: 3%/Yr

RENT: $325K

RENT COVERAGE: 3x

CAP RATE: 7.50%

MODEL: Express

AREA: PA

EBITDAR: $990K

RENT COVERAGE: 3x

LEASE: New 20Yr NNN

ESCALATIONS: 3%/Yr

RENT: $325K

CAP RATE: 7.50%

Summary

Car Wash Advisory is pleased to offer for sale the fee simple interest in a freestanding, single-tenant ultra-high performing express exterior car wash in Pennsylvania. This is a long-standing and established express tunnel carwash. This wash has experienced growth every year since opening; in car count volumes, gross sales, and profit margins of all measures. Featuring top-line absolute premium and no-expense spared setup and a methodically and optimally designed site layout.

This wash currently washes well above 110K cars per year with a +$12.5 average ticket - all without having to rely on a dilutive unlimited membership program - which is both a significant advantage today and an additional source of future potential growth.

This wash is the epitome of sound, reliable and consistent growth accompanied by heavy cash flow. The hard-to-zone geography in which the wash is located provides a significant and insurmountable barrier to entry, further protecting the current and future cash flows of this stellar car wash.

Key Highlights

20 YEAR ABSOLUTE-NET LEASE
3.0% Annual Rent Escalations and Two, 5-Year Options to Extend

LONG AND ESTABLISHED HISTORY
Built in 2012 and experienced steady, stable, and significant growth on all levels every single year - including through 2020 and COVID without even adjusting for being down for a month!

OWNERSHIP OF THE LOCAL MARKET
With not a single other tunnel car wash within a three mile radius, despite the incredibly dense demographic for which the wash is situated in, and a hard-to-zone geography making incoming competition a non-factor - this wash owns the local market

LOYAL AND UNYIELDING CUSTOMER BASE
This car wash washes well over 110K cars a year and this is without a dilutive unlimited membership or loyalty program - meaning every single customer and car pays full price - resulting in the incredible and rare +$12.50 average ticket even with the low labor (two employees at a time) express exterior model being employed

HIGHLY DESIRABLE AND DENSE GEOGRAPHY
population of +162K people within a 3 mile radius surrounding this wash, and a +312K population within 5 miles surrounding. All this - with an already growing and desirable geographic overlay for the area existing.

ATTRACTIVE ACCESS & VISIBILITY
Well over 30K cars passing directly by the wash each day, and featuring a massive 380ft of main street frontage.

Broker Information and Disclosure

This car wash real estate (internal listing ID PA-017) is under an exclusive listing agreement with:

Harry H. Caruso
CWA & Real Broker LLC
PA License: RSR004142

Inquire Today

Or call (332)-209-4246