15625 S 32nd St - Car Washes FOR SALE


Phoenix, AZ 85048- Ahwatukee
$3,250,000 USD
602-790-9036
15625 S 32nd St, Phoenix, AZ for Sale
$3,250,000 USD
Car Washes - FOR SALE
1/14
null | 7% Cap Rate

15625 S 32nd St
Phoenix, AZ 85048
Ahwatukee


HIGHLIGHTS

  • - New 20-year lease with 2% annual rent increases throughout the initial term and options. Rent to commence at close of escrow.
  • Qualifies for Bonus Depreciation (consult your accountant for more details).
  • 5-bay self-serve car wash | Full -service conveyor style car wash | Full Detailing Service | self-serve Pet Wash | 8 vacuum stations.
  • Fully renovated with new ownership in 2022. All self-serve and full-serve equipment replaced in 2022.
  • One of the most sought after neighborhoods in Phoenix, Ahwatukee ranks #1 as ”the best neighborhood to live in Phoenix”.
  • The property services the affluent Ahwatukee Phoenix suburb consisting of over 82,000 residents with an average Household Income of $165,386 wit

OVERVIEW

RDO Investments is excited to present a premier opportunity to acquire a Soak+Shine Auto Wash, strategically positioned along the primary retail corridor of Chandler Boulevard in the highly desirable Phoenix suburb of Ahwatukee. This 20-year Sale-Leaseback investment offers significant benefits, including eligibility for bonus depreciation, allowing investors to maximize tax savings in the first year of ownership. The offering provides the rare opportunity to acquire an absolute NNN fee simple interest in a recently renovated full and self-service car wash along the highly trafficked Chandler Boulevard retail thoroughfare. The facility is outfitted with five self-serve bays, one full-service conveyor style full wash and 8 Mega Vac Industrial Vacuums. The property was originally constructed in 1996, fully remodeled, and under new ownership in 2022.   Soak + Shine offers a hybrid approach to the fast-growing car wash industry with a full-service conveyor-style car wash or the option for self-service in one of their five bays. In addition, the property has an onsite Detailing service and a Dog Washing Station.   The property is located on an outparcel to Foothills Village Center which is anchored by Goodwill, Ahwatukee Foothills Montessori School and 24,000 SF of Regional and Local businesses. Other outparcels include Circle K and Dutch Brothers. The site is located minutes from Interstate 10 and the Loop 202 which have daily traffic counts over 222,555 combined. Both Chandler Boulevard and 32nd Street have combined traffic counts over 61,000 daily.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$572 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Soak + Shine

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

C-2

APN/PARCEL ID

306-02-848

ASK ABOUT THIS PROPERTY

Ryan O'ConnellRDO Investments LLCMore Info
602-790-9036

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Ryan O'ConnellRDO Investments LLCMore Info
602-790-9036

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