Village Car Wash and Business

Retail-Commercial for Sale
Catylist Listing ID: 30295523
Property Subtypes: Car Wash, Retail-Pad, Vehicle Related
Building Size (RSF): 10,000 SF
Gross Land Area: 1.60 Acres
Sale Price: $750,000
Unit Price: $75 PSF
Property Use Type: Investment, Business
Building Name: Village Car Wash
Usable Size (USF): 10,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 7/25/2018

Overview / Comments

Village Car Wash consists of 11 self-service bays with 6 self-service vacuums, one PDQ 4000 touchless automatic wash and a 90-foot Belanger automatic soft cloth tunnel and 7 self-serve vacuums.

Village Car Wash is an active car wash doing about $300,000 in gross revenue with a 49% profit margin. It is a mainstay car wash for McMinnville. It has been operating for 54 years at this location. There is about 1.6 acre of land included in the sale. An additional 1 acre of undeveloped land is behind the subject that fronts Mullican Street.

This location could also be redeveloped for retail given its great visibility, location and traffic counts off North Chancery St. If additional land is needed for a redevelopment effort, the neighbor might sell his land too. Within sight of the car wash is a BP gas station, Dairy Queen, UGO Grocery, Bojangles, Captain D's, Advance Auto, Subway and Verizon.

McMinnville is growing and is great community for investment. There are about 30,000 people within a 15-minute drive time from the location.

Reports Available:
5,10 and 15 Minute Drive Time Demographics
Warren County Link: http://www.warrencountytn.gov/
McMinnville City Link: http://www.warrentn.com/pages/Home
2.5 years of Profit and Loss Statements

Additional Details

Nearest MSA: McMinnville
County: Warren
Taxing Authority: Warren County
Tax ID/APN: 059N B 001.01
Zoning: C2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Hobson St. and N. Chancery St
Property Visibility: Excellent
Largest Nearby Street: N Chancery St.
Feet of Frontage: 268
Traffic/Vehicle Count: 18,000
Highway Access: McMinnville is about 20 north oh Hwy 55 from Interstate 24. Murfreesboro is about 30 miles away.
Airports: McMInnville
Site Description: The site is level and at street grade.
Area Description: McMinnville is a growing community of about 30,000 people and is located in Warren County, TN.
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 10,000 SF
Property Condition: Good
Year Built: 1963
Exterior Description: Property includes wash tunnel, self-wash bays and vacuum systems.
Parking Type: Surface
Parking Description: The lot is large with ample room for cars but has no designated parking space.
Sprinklers: None
Zoning Description: C2-Commercial
Lot Frontage: 280
Lot Depth: 480
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,789 15,009 21,995
Median Age: 36.86 38.54 38.55
Households: 2,757 6,200 8,902

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
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