Listed by Matthews
$2,400,000
Northwest Ohio Car Wash Portfolio
Details
APN 13-33-42-0030-00; P57-400-0100-00-035.500; 30-28-01-0023-00; 27-60-00-0020-01
Property Type Retail, Special Purpose
Sub Type Car Wash
Units 4
Occupancy 100%
Tenancy Multi
Year Built 1981, 1990, 2000, 2002
Acreage 0.26 - 2.37
Ground Lease No
4 Car Washes + Strip Center Business + Real Estate For Sale
Marketing description
Matthews™™ is pleased to present a portfolio of four car wash properties located throughout the Northwest Ohio market, spanning from the outskirts of Toledo through Fremont and into Woodville and Gibsonburg. The offering includes the sale of both the operating businesses and the underlying real estate, providing investors with immediate cash flow and long-term ownership.
The portfolio features a mix of touchless self-service bays and automatic bays, serving a broad customer base. Select locations offer membership programs, enhancing revenue stability, while one property is attached to a strip center, providing additional income, flexibility, and creative repositioning potential.
Significant capital improvements, including new equipment installed within the past two years, have positioned the properties in strong operational condition with minimal day-one capital requirements. The locations are conveniently clustered, allowing all four properties to be visited in a single afternoon, supporting efficient oversight.
Offered exclusively as a bundled portfolio, this is a compelling opportunity to acquire scale within a resilient, service-based asset class with durable demand and long-term upside.
Investment highlights
- Four-Property Car Wash Portfolio across Northwest Ohio, spanning Toledo, Fremont, Woodville, and Gibsonburg
- Business & Real Estate Included, providing immediate cash flow and long-term ownership
- Offered as a Bundled Portfolio Only, delivering operational scale and market presence
- Diverse Wash Formats, including touchless self-service bays and automatic bays to serve broad customer demand
- Membership Programs in Place at select locations, supporting recurring revenue and customer retention
- Additional Income & Flexibility from one location attached to a strip center with creative repositioning potential
- Upside Potential through operational efficiencies, marketing optimization, and membership expansion
- Cost Segregation Potential to accelerate depreciation by reallocating purchase price into shorter-life assets
- Equipment Depreciation on automatic and touchless systems, pumps, vacuums, kiosks, and reclaim systems (typically 5–7 year lives)
- Bonus Depreciation & Section 179 Eligibility for qualifying equipment and improvements, subject to current tax rules
- Qualified Improvement Property (QIP) for eligible non-residential interior improvements
2290 Hayes Ave, Fremont, OH 43420
- Lot Size ±2.37 AC
- APN 13-33-42-0030-00
- Year Built 1981
- Inquire about Memberships at this location
- Automatics installed 7/2023, 9/2024, & 8/2025
28310 Oregon Rd, Perrysburg, OH 43551
- Lot Size ±0.93 AC
- APN P57-400-0100-00-035.500
- Year Built 2002
- Additional Income Through 3 Retail Spaces on property
- Both Automatics installed in Feb 2021
123 Dick St, Woodville, OH 43469
- Lot Size ±0.26 AC
- APN 30-28-01-0023-00
- Year Built 1990
- Automatics installed Oct 2024
600 N Main St, Gibsonburg, OH 43431
- Lot Size ±0.71 AC
- APN 27-60-00-0020-01
- Year Built 2000
Listing Contacts
Listed by Matthews
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