Investment Overview

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of the Super Shine Car Wash (the Business) along with the real estate located at 2376 Pulaski Highway, North East, Maryland (the Property). The 4,379 SF car wash sits on 0.61-acres beside a signalized, highly-trafficked intersection along one of the Baltimore region’s most densely commercialized corridors (Route 40). With 34,363 VPD, the property is located within North East’s primary retail center and has access from two streets. There is not a single competing car wash business within a 5-mile radius of the site. Positioned on the same intersection as two anchored shopping centers, a McDonald’s drive-through and a Sunoco gas station, the property enjoys excellent visibility and high daily activity. North East Plaza is located across Rt-40 and is home to a Walmart Supercenter, Petco, Dunkin’, Advance Auto Parts and more. North East Station is directly west of the subject and is anchored by a Lowe’s, Food Lion and West Marine with a Chipotle, Starbucks and other Fortune 500 tenants also occupying. The car wash directly benefits from being adjacent to major retailers and the traffic these centers produce. Zoned BG (Business General), the location offers flexibility for various commercial uses and future pad site development. Constructed in 2010, the masonry-constructed facility includes one touch-free wash, one soft-touch wash, five self-serve bays and seven vacuum stations. There are two equipment rooms on site, a primary room serving the touch-free bay and five self-serve bays and a smaller room serving the soft-touch bay. The soft-touch bay houses a 6-year Mark VII wash machine with 3 dryers and 103,000 washes. The touch-free bay houses a 3.5-year hold Mark VII wash machine with two dryers and 33,000 washes. The water reclamation system currently recycles 44% of all water used throughout the site. All equipment has been meticulously well-maintained and detailed operational recordkeeping is available for the next owner. The car wash is currently managed by an absentee owner who employs one on-site supervisor and two on-call mechanics. There are numerous management inefficiencies that a new operator can streamline to capitalize on substantial revenue upside. Outside of a digital sign on the premises, the business has never been marketed or advertised. Creating an online presence via a website and social media and offering a membership program are examples of immediate strategies to impact growth. This investment represents a compelling opportunity to capitalize on the potential of an under-managed car wash in a heavily trafficked submarket with limited competing wash facilities. With prominent frontage and direct access to Pulaski Highway, coupled with a population of 18,663 within three miles and exposure to strong commuter traffic, a new owner is well-positioned to rapidly increase the vehicle capture rate and drive significant revenue growth. With a going-in cap rate of 18.39% and vast upside, an owner can significantly outperform alternative investments. Seller Financing is available for qualified buyers.