Auto Service - Gas-Conv

Red Roof Car Wash

Listing Price: $1,550,000

Cap Rate
9.05%
Gross SF
4,896
Rentable SF
4,896
Price/Gross SF
$316.58
Rent Per Square Feet
$37.14

Investment Overview

Red Roof Car Wash is an eight-bay, two automatic tunnel self-service car wash located in the emerging market of Norman, Oklahoma. The property is well situated just three miles from the University of Oklahoma and sitting directly off 12th Avenue, enjoying a robust traffic count of around 30,000 vehicles per day. Shadowed by Self Storage facility adjacent to the property, directly behind a Taco Bueno restaurant, west of the property is a Homeland Grocery Store and Chick-Fil-A restaurant.

This carwash consists of eight self-service bays and two automatics. There are 12 vacuum stations, one shampoo machine and one fragrance machine. The automatics are PDQ Laser wash 4,000. The self-service has GinSan equipment with CAT pumps. There are LED lights around the awning of the property giving it a great look in the evening. There is also an outdoor sound system allowing the customers to enjoy music while they wash their car.

Prospective buyer has the opportunity to get into a turnkey property that needs minimal capital improvements. Current ownership has a Property Manager on-site and is willing to stay on for new prospective Buyer. The current owner has setup two card reader pay stations for the property and has ability for the Prospective Buyer to implement a membership subscription to the automatic wash.

Investment Highlights

  • Property Manager Willing to Stay on Site
  • 2 Automatic Bays
  • 8 Self Service Bays
  • 30,000 VPD
  • 3 miles from the University of Oklahoma

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Red Roof Car Wash

Listing Price: $1,550,000

Cap Rate
9.05%
Gross SF
4,896
Rentable SF
4,896
Price/Gross SF
$316.58
Rent Per Square Feet
$37.14

Investment Highlights

  • Property Manager Willing to Stay on Site
  • 2 Automatic Bays
  • 8 Self Service Bays
  • 30,000 VPD
  • 3 miles from the University of Oklahoma

Investment Overview

Red Roof Car Wash is an eight-bay, two automatic tunnel self-service car wash located in the emerging market of Norman, Oklahoma. The property is well situated just three miles from the University of Oklahoma and sitting directly off 12th Avenue, enjoying a robust traffic count of around 30,000 vehicles per day. Shadowed by Self Storage facility adjacent to the property, directly behind a Taco Bueno restaurant, west of the property is a Homeland Grocery Store and Chick-Fil-A restaurant.

This carwash consists of eight self-service bays and two automatics. There are 12 vacuum stations, one shampoo machine and one fragrance machine. The automatics are PDQ Laser wash 4,000. The self-service has GinSan equipment with CAT pumps. There are LED lights around the awning of the property giving it a great look in the evening. There is also an outdoor sound system allowing the customers to enjoy music while they wash their car.

Prospective buyer has the opportunity to get into a turnkey property that needs minimal capital improvements. Current ownership has a Property Manager on-site and is willing to stay on for new prospective Buyer. The current owner has setup two card reader pay stations for the property and has ability for the Prospective Buyer to implement a membership subscription to the automatic wash.

Exclusively Listed By

Financing By

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