11416 Pearl St - Car Washes FOR SALE


Northglenn, CO 80233
$1,500,000 USD
720-464-7488
11416 Pearl St, Northglenn, CO for Sale
$1,500,000 USD
Car Washes - FOR SALE
1/5
null | Request Cap Rate

11416 Pearl St
Northglenn, CO 80233


HIGHLIGHTS

  • Owner-user opportunity to acquire both the car wash business and real estate
  • Spot Wash has invested over $1.7M in capital expenditures since 2020
  • Consistent year-over-year NOI growth since renovations were completed (2020)
  • High traffic counts along Washington St (31,282 VPD) and Malley Dr (15,391 VPD)
  • Nearly 40,000 visits to the center annually, with foot-traffic +39.1% Yo3Y (Source: Placer.ai)
  • Densely populated area with ~145,000 people and ~54,000 households within three miles

OVERVIEW

Blue West Capital is pleased to offer for sale Spot Wash on Pearl, an owner-user self-serve car wash located at 11416 Pearl St, Northglenn, CO. Spot Wash is strategically located just off Washington St (31,282 VPD) and Malley Dr (15,391 VPD). The wash was fully renovated in 2020 with over $1.7M in capital expenditures ($866k in building improvements, $725k in equipment, and $130k in signage/concrete/fencing). Since renovations were completed, Spot Wash has seen consistent year-over-year NOI growth. The property features three self-serve bays, two in-bay automatic lanes, and a large dog wash area. The two automatic in-bays include The Karcher Opti8000 Touchless Automatic System by Comtec Wash Systems, the gold standard of modern car washes. Situated just north of downtown Denver, the area boasts a population of ~145,000 people and ~54,000 households within three miles. Nearly 5,500 businesses employing over 48,000 individuals operate within three miles of the property daily. As of 2024, Spot Wash attracted nearly 40,000 visits to the property with foot-traffic +39.1% Yo3Y (Source: Placer.ai).

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

-

APN/PARCEL ID

1719-03-4-12-012

ASK ABOUT THIS PROPERTY

Noah HarrisonBlue West Capital, LLC.More Info
720-464-7488

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Noah HarrisonBlue West Capital, LLC.More Info
720-464-7488

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.