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Car Wash

Truck Wash of Andrews

1107 SW Mustang Dr, Andrews, TX 79714

Listing Price: $3,300,000

Cap Rate
11.21%
Tenant Name
Truck Wash of Andrews
Guarantor
Personal Guarantee
Rentable SF
4,000
Lease Type
Absolute Net
Rent Per Square Feet
$92.73

Investment Overview

Marcus and Millichap is pleased to offer the exclusive listing of Truck Wash of Andrews in Andrews, Texas. Truck Wash of Andrews is an automatic, tunnel truck wash designed to offer customers performance, convenience, and value. At the same time, it offers owners unmatched dependability, low expenses, and astounding profit margins. To the experienced car wash investor or operator, it might appear too good to be true. It is very real, however, and after ten profitable years the current owner is ready to move on to other projects. The site is located on Loop 1910, off U.S. Highway 385 Northwest of Midland-Odessa. The small but growing town of Andrews is the hub of three transportation corridors in the heart of the Permian Basin. The corridors jut out into Texas and New Mexico and carry heavy truck traffic, feeding a steady stream of potential customers through Andrews and in front of the Truck Wash of Andrews. Andrews is responding to its growing importance by improving roads, attracting business, and nurturing its well-established business-friendly personality. The trucking industry is positioning itself to take advantage of the growing hub as well. Both Love’s and Pilot have built large, attractive truck stops just down the road from the truck wash. In addition, a truck parts facility, a truck lube center, and a large tire center were built within a mile of the truck wash. The excitement has been growing for many years as the economy throughout the area has not only benefited from resilient oil activity in the Permian Basin, but also the long-established ranching and farming activity in the area. In total, the environment provides a diverse, dependable, appreciative pool of clientele. The Truck Wash of Andrews is a unique opportunity due to its built-in financial and operational success, relationships with companies large and small, and potential growth. As phenomenal as the gross and net income has been for many years, the current owner has only scratched the surface. He admits a list of what he calls “sins of omission” that, when corrected, represent low-hanging fruit for the new owners. The best example he offers is advertising. He has grown his loyal customer base organically – through focusing solely on quality, customer service, and word-of-mouth. New customers often say they would have signed up years ago had they known the Truck Wash of Andrews was there. Billboards, a web site, eye-catching signage, and advertising agreements with the area’s truck stops have an extraordinarily high likelihood of significantly increasing gross income immediately. And because per-wash variable expenses are so low, most of that new income would rain to the bottom of the new owner’s profit and loss statements. Another opportunity for growth is the addition of a wash-out service. It is desperately needed in the region and the owner often receives calls for the service. Washouts are often mandatory, and drivers are willing to drive long distances to purchase the service. The facility could be easily added utilizing the empty half of the two and a half acre lot and tied into the infrastructure of the truck wash. Given the obvious demand and need for the service, it would be an immediate money-maker, and would also attract even more business to the truck wash itself. A wash-out service would also serve to complete the town of Andrews as a trucker’s destination for all their needs. The Truck Wash of Andrews has firmly established itself as the truck wash trucking companies trust in the region. It holds all market share in the city and commands an almost legendary reputation in the region as drivers move from company to company and spread the word about its quality, customer service, and extraordinary value. As a result, over eighty percent of customers are subscription-based, financials are historically and dependably strong, and the Truck Wash of Andrews makes money rain or shine, through good times and bad, and with a fraction of the labor headaches, maintenance expenses, and operating costs of most car and truck washes. The model the owner has meticulously built presents a strong, deep foundation on which new owners can build, and a model which can be reproduced in multiple locations throughout the area, scaling this special operation into a real powerhouse company.

Investment Highlights

  • Owner/User Investment Opportunity
  • Touch-free automatic truck wash in Andrews, Texas
  • U.S. Highway 385 heavily traveled trade corridor from Big Bend National Park to Deadwood, South Dakota
  • 80 percent of customers are subscription based
  • Opportunity for growth into other markets such as Midland-Odessa area
  • Nearby Pilot Travel Center and Love's Travel Stop on U.S. Highway 385

Exclusively Listed By

Financing By

Car Wash

Truck Wash of Andrews

Listing Price: $3,300,000

Cap Rate
11.21%
Tenant Name
Truck Wash of Andrews
Guarantor
Personal Guarantee
Rentable SF
4,000
Lease Type
Absolute Net
Rent Per Square Feet
$92.73

Investment Highlights

  • Owner/User Investment Opportunity
  • Touch-free automatic truck wash in Andrews, Texas
  • U.S. Highway 385 heavily traveled trade corridor from Big Bend National Park to Deadwood, South Dakota
  • 80 percent of customers are subscription based
  • Opportunity for growth into other markets such as Midland-Odessa area
  • Nearby Pilot Travel Center and Love's Travel Stop on U.S. Highway 385

Investment Overview

Marcus and Millichap is pleased to offer the exclusive listing of Truck Wash of Andrews in Andrews, Texas. Truck Wash of Andrews is an automatic, tunnel truck wash designed to offer customers performance, convenience, and value. At the same time, it offers owners unmatched dependability, low expenses, and astounding profit margins. To the experienced car wash investor or operator, it might appear too good to be true. It is very real, however, and after ten profitable years the current owner is ready to move on to other projects. The site is located on Loop 1910, off U.S. Highway 385 Northwest of Midland-Odessa. The small but growing town of Andrews is the hub of three transportation corridors in the heart of the Permian Basin. The corridors jut out into Texas and New Mexico and carry heavy truck traffic, feeding a steady stream of potential customers through Andrews and in front of the Truck Wash of Andrews. Andrews is responding to its growing importance by improving roads, attracting business, and nurturing its well-established business-friendly personality. The trucking industry is positioning itself to take advantage of the growing hub as well. Both Love’s and Pilot have built large, attractive truck stops just down the road from the truck wash. In addition, a truck parts facility, a truck lube center, and a large tire center were built within a mile of the truck wash. The excitement has been growing for many years as the economy throughout the area has not only benefited from resilient oil activity in the Permian Basin, but also the long-established ranching and farming activity in the area. In total, the environment provides a diverse, dependable, appreciative pool of clientele. The Truck Wash of Andrews is a unique opportunity due to its built-in financial and operational success, relationships with companies large and small, and potential growth. As phenomenal as the gross and net income has been for many years, the current owner has only scratched the surface. He admits a list of what he calls “sins of omission” that, when corrected, represent low-hanging fruit for the new owners. The best example he offers is advertising. He has grown his loyal customer base organically – through focusing solely on quality, customer service, and word-of-mouth. New customers often say they would have signed up years ago had they known the Truck Wash of Andrews was there. Billboards, a web site, eye-catching signage, and advertising agreements with the area’s truck stops have an extraordinarily high likelihood of significantly increasing gross income immediately. And because per-wash variable expenses are so low, most of that new income would rain to the bottom of the new owner’s profit and loss statements. Another opportunity for growth is the addition of a wash-out service. It is desperately needed in the region and the owner often receives calls for the service. Washouts are often mandatory, and drivers are willing to drive long distances to purchase the service. The facility could be easily added utilizing the empty half of the two and a half acre lot and tied into the infrastructure of the truck wash. Given the obvious demand and need for the service, it would be an immediate money-maker, and would also attract even more business to the truck wash itself. A wash-out service would also serve to complete the town of Andrews as a trucker’s destination for all their needs. The Truck Wash of Andrews has firmly established itself as the truck wash trucking companies trust in the region. It holds all market share in the city and commands an almost legendary reputation in the region as drivers move from company to company and spread the word about its quality, customer service, and extraordinary value. As a result, over eighty percent of customers are subscription-based, financials are historically and dependably strong, and the Truck Wash of Andrews makes money rain or shine, through good times and bad, and with a fraction of the labor headaches, maintenance expenses, and operating costs of most car and truck washes. The model the owner has meticulously built presents a strong, deep foundation on which new owners can build, and a model which can be reproduced in multiple locations throughout the area, scaling this special operation into a real powerhouse company.

Exclusively Listed By

Financing By

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