Express Car Wash/Quick Lube Facility - Cleveland TN

Retail-Commercial for Sale
Sale Pending
Also listed as Business Opportunity
Catylist Listing ID: 30792826
Property Subtypes: Car Wash
Status: Pending
Building Size (RSF): 5,567 SF
Gross Building Area: See Agent
Sale Price: $2,200,000
Unit Price: $395.19 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/21/2022

Overview / Comments

OPPORTUNITY
This location is in Southeast Tennessee featuring state-of-the-art Sonny’s Car Wash Equipment. The car wash is producing while the Oil Change Center is not open but turn-key ready. They currently have a loyal customer base that can be expanded. The renovation was completed in 2019.

REAL ESTATE
Real Estate is available for purchase. The Car Wash is in a major retail shopping district about three miles north of downtown and just off a major interstate. The Mall is just west of the subject property is anchored by JC Penny, Belk, and the AMC Theater. There are a few other big-box retailers on the primary corridor connecting the area with the interstate including Walmart, Lowes, and Home Depot, among other large retailers. There is dense single-family and multifamily development north and south of the retail development. The property to the south and east of the subject is largely agricultural in nature with less dense residential development.

SETUP AND PERSONNEL
The current owner is arms-length with a minimal level of day-to-day involvement. Staff and management oversite in place and would stay aboard under new ownership (if desired).

FACILITY AND EQUIPMENT
Carwash is an express 95ft conveyorized tunnel featuring Sonny’s Car Wash Equipment. 1500 sq ft Oil Change Facility and separate detail area are not being used but could quickly be operational.

OIL CHANGE/QUICK LUBE
Oil change center is a two-bay center with regularly maintained, repaired, and upgraded equipment throughout. 1000 ft grease pit underneath.

LIFESTYLE
Tennessee enjoys no state income tax, massive industry growth, free lottery-paid college tuition, and a low cost of living.

Additional Details

Nearest MSA: Chattanooga
County: Bradley
Tax ID/APN: 034 057.08 000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,696 39,888 61,115
Median Age: 39.37 37.33 37.28
Households: 1,123 15,301 23,563

Contact

Photograph of Listing Agent

David Melton

Pointe Commercial Real Estate Greater Chattanooga REALTORS® Member
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