Laserwash Portfolio Specialty FOR SALE


Fayetteville, NC
$1,600,000 USD
910-988-4263
, Fayetteville, NC for Sale
$1,600,000 USD
Specialty - FOR SALE
1/7
null | 10.17% Cap Rate

Laserwash Portfolio
Fayetteville, NC


HIGHLIGHTS

  • Four new vacs IVS vacs added in 2022
  • Two new Hamilton rear-load bill changers installed January 2023
  • ? Buildings, bays, vac islands repainted summer 2021

OVERVIEW

Grant-Murray Real Estate is pleased to present for portfolio sale 6830 Cliffdale Rd. (“Cliffdale Laserwash”) and 2609 Camden Rd. (“Camden Road Laserwash”) located in Fayetteville NC. The T-12 combined net operating income is $162,781 (10.17% cap rate). The Cliffdale Laserwash consists of two (2) automated laser washes, five (5) self-wash bays, and six (6) vacuum stations, and two (2) vacuum/shampoo/fragrance stations located on 0.83 acres. The traffic count is 35,755 VPD. The T-12 net operating income is $82,286. The property is located in the Southwest Fayetteville Submarket .75 miles from I-295 (Exit 21), providing convenient access to major roads in and around Fayetteville. The property is surrounded by nearby multi-family developments and single-family subdivisions, providing a steady customer base. The Camden Laserwash consists of two (2) automated laser washes, five (5) self-wash bays, and four (4) vacuum stations located on 0.79-acres. The traffic count is 8,047 VPD. The T-12 net operating income is $80,495. The property is located in the Southwest Fayetteville Submarket .08 miles from Owen Dr. (34,000 VPD) and .67 miles from I-95 Business, which also provides a steady customer base. Both locations are well-maintained and present an excellent investment opportunity.

ASK ABOUT THIS PROPERTY

Richard Fox IIIGrant-Murray Real Estate LLCMore Info
910-988-4263

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Richard Fox IIIGrant-Murray Real Estate LLCMore Info
910-988-4263

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