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Car Wash

Tyler Laser Wash

206 Winchester Dr, Tyler, TX 75701

Listing Price: $1,300,000

Cap Rate
11.01%
Tenant Name
Tyler Laser Wash
Guarantor
Personal Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$57.23

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of the Tyler Laser Wash located in Tyler, Texas. The subject property is a two in-bay, rollover, automatic touchless car wash. The property is well situated positioned off South Broadway Avenue, enjoying a robust traffic count of a little over 30,000 vehicles per day. Tyler Laser Wash benefits from being well-positioned in a dense urban land area consisting of national and local tenants, shopping centers, hospitality accommodations as well as academic institutions. Major national tenants in the area include McDonald’s, Sonic Drive-in, Dollar General, Taco Bell, AutoZone Auto Parts, Sam’s Club and many more. The subject property is less than 10 minutes from downtown Tyler and is less than a mile away from Tyler Legacy High School as well as Woods Elementary & Intermediate School and Bishop Thomas K. Gorman Catholic School. Tyler Laser Wash was built in 1999 and is currently the only car wash site in Tyler with the design of the two in-bay touchless automatic wash bays as well as six vacuums. The Seller renovated the property with complete new PDQ in-bay wash equipment installed in 2008 and 2009 as well as new PDQ Max Dryers installed in 2012. Owner/Manager involvement is minimum, like self-service only locations. Current ownership has not raised wash prices in the past six years. As an Owner or Manager, visits to the facility may or may not occur daily, however monitoring the entire facility and all operations with video surveillance cameras can be done by a live feed from a cell phone app. Owner can also monitor in-bay automatic bay operations with real time reports. A prospective buyer can get into a turnkey property that needs minimal capital improvements. The current owner has set up and implemented a Wash Gift Card Program for customers that has been growing since it has been offered.

Investment Highlights

  • Owner/ User Investment
  • Broadway Avenue Traffic Count of 32,672 VPD
  • Two In-Bay Automatic Touch-less Wash
  • Strong Consistent Wash Sales

Exclusively Listed By

Financing By

Car Wash

Tyler Laser Wash

Listing Price: $1,300,000

Cap Rate
11.01%
Tenant Name
Tyler Laser Wash
Guarantor
Personal Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$57.23

Investment Highlights

  • Owner/ User Investment
  • Broadway Avenue Traffic Count of 32,672 VPD
  • Two In-Bay Automatic Touch-less Wash
  • Strong Consistent Wash Sales

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of the Tyler Laser Wash located in Tyler, Texas. The subject property is a two in-bay, rollover, automatic touchless car wash. The property is well situated positioned off South Broadway Avenue, enjoying a robust traffic count of a little over 30,000 vehicles per day. Tyler Laser Wash benefits from being well-positioned in a dense urban land area consisting of national and local tenants, shopping centers, hospitality accommodations as well as academic institutions. Major national tenants in the area include McDonald’s, Sonic Drive-in, Dollar General, Taco Bell, AutoZone Auto Parts, Sam’s Club and many more. The subject property is less than 10 minutes from downtown Tyler and is less than a mile away from Tyler Legacy High School as well as Woods Elementary & Intermediate School and Bishop Thomas K. Gorman Catholic School. Tyler Laser Wash was built in 1999 and is currently the only car wash site in Tyler with the design of the two in-bay touchless automatic wash bays as well as six vacuums. The Seller renovated the property with complete new PDQ in-bay wash equipment installed in 2008 and 2009 as well as new PDQ Max Dryers installed in 2012. Owner/Manager involvement is minimum, like self-service only locations. Current ownership has not raised wash prices in the past six years. As an Owner or Manager, visits to the facility may or may not occur daily, however monitoring the entire facility and all operations with video surveillance cameras can be done by a live feed from a cell phone app. Owner can also monitor in-bay automatic bay operations with real time reports. A prospective buyer can get into a turnkey property that needs minimal capital improvements. The current owner has set up and implemented a Wash Gift Card Program for customers that has been growing since it has been offered.

Exclusively Listed By

Financing By

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