1398 S Wadsworth Blvd - Car Washes FOR SALE


Lakewood, CO 80232- Lasley
$1,200,000 USD
623-249-8637
1398 S Wadsworth Blvd, Lakewood, CO for Sale
$1,200,000 USD
Car Washes - FOR SALE
1/6
null | Request Cap Rate

1398 S Wadsworth Blvd
Lakewood, CO 80232
Lasley


HIGHLIGHTS

  • Asset-Only Sale: This asset-only sale lets you focus entirely on maximizing operational efficiency and profitability
  • Premier Location Advantage: Positioned on a high-traffic corridor with 155 feet of prime frontage near major retailers and auto service hubs
  • Strong and Growing Demographics: Serving a customer base with over 333,800 residents within a 5-mile radius and an avg. household income of $95,849
  • Expansion Potential for Enhanced Profitability: Management has identified the opportunity to acquire the adjacent parcel to expand operations
  • Stability & Long-Term Growth: Operate under a secure, absolute triple-net lease with ~11 years remaining and three 5-year renewal options
  • Turnkey Operations with Modern Equipment: A 90-foot express tunnel equipped with Sonny’s systems, multiple pay lanes, and self-serve vacuum stalls

OVERVIEW

ASSET-ONLY, VALUE-ADD BUSINESS | RAPIDLY EXPANDING COLORADO MARKET Commercial Plus, LLC is thrilled to present an exclusive opportunity to acquire an express car wash business operating under the reputable Autowash brand. This business-only sale offers a proven model for profitability in the thriving Denver-Aurora-Lakewood MSA. Positioned strategically on S. Wadsworth Blvd., Lakewood, CO, this location boasts 155 feet of prime frontage with exposure to approximately 29,400 vehicles daily. The surrounding area serves a substantial market with 333,800+ residents within a 5-mile radius and an average household income of $95,849. The 0.49-acre lot features a 90-foot tunnel outfitted with Sonny’s equipment, two pay lanes, and six self-serve vacuum stalls. The business operates under an absolute triple-net (NNN) lease with nearly 11 years remaining on the original 15-year term, plus three 5-year renewal options. The lease structure provides predictable costs and full operational control, allowing a new operator to optimize efficiencies, expand service offerings, and drive profitability. PROPERTY & BUSINESS DESCRIPTION: Equipped with a 90-foot express tunnel using state-of-the-art Sonny’s equipment, the car wash includes two pay lanes and six self-serve vacuum stalls, ensuring quick and efficient service to maximize throughput. The AMP/Sonny’s POS system streamlines payment processing, enhancing customer experience and operational efficiency. • Year Built: 2005 • Lot Size: 0.49 AC • Traffic: 29,400+ VPD • Building Size: 4,155 SF • Facilities: 90 FT Express Tunnel, Sonny’s Equipment, 2 Pay Lanes, 6 Self-Serve Vacuum Stalls MARKET DETAILS: WHY LAKEWOOD, CO? Lakewood, Colorado, is ideal for establishing a successful express car wash business. The city's high vehicle ownership rate, robust population growth, and strategic location within the Denver-Aurora-Lakewood metropolitan area contribute to a strong demand for automotive services. Additionally, recent zoning regulations limiting the establishment of new car washes reduce competition, enhancing the potential for existing businesses to thrive. • High Vehicle Ownership: Approximately 94% of households in the Denver-Aurora-Lakewood metro area own vehicles, with an average of 1.81 cars per household • Population Density and Growth: Lakewood's population density and its inclusion in the rapidly expanding Denver-Aurora-Lakewood MSA ensure a consistent and growing demand • Strategic Location: Situated along major transportation routes, Lakewood offers high visibility and accessibility, attracting both residents and commuters • Limited Competition: Recent city ordinances have imposed restrictions on the establishment of new car washes, creating barriers to entry and reducing future competition • Favorable Economic Environment: As part of the Denver-Aurora-Lakewood MSA, Lakewood benefits from a diverse and robust economy, supporting consumer spending on services like car washes

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$289 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Value-Add Colorado Car Wash Asset #cw07-co

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

1-C

APN/PARCEL ID

49-231-00-012

ASK ABOUT THIS PROPERTY

Dylan PriceCommercial Plus GroupMore Info
623-249-8637

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Dylan PriceCommercial Plus GroupMore Info
623-249-8637

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