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29804474
29804475

711 Saybrook Rd, Middletown, CT 06457

BG
TN, TN 356957
Matthews
BC
NY 10401391900
Matthews
Listed by Matthews
$700,000
109 days on market
Updated 73 days ago

Reflections Car Wash

Details
APN MTWN M:43 L:0412
Property Type Business for Sale, Special Purpose
Sub Type Car Wash
Square Footage 3,100
Net Rentable (SqFt) 3,100
Units 1
Tenancy Single
Lease Term 20
Lease Expiration 12/01/2045
Remaining Term 19.5
Rent Bumps Yes
Price per SqFt $226
Broker Co-Op Yes
Year Built 2005
Year Renovated 2015
Buildings 1
Lot Size (SqFt) 21,571
Parking Spaces 4 spaces
Parking Per SqFt 1.29
Investment Type Owner/User
Tenant Credit No Credit Rating
Lease Commencement 12/01/2025
Ownership Owner - User

Reflections Car Wash | Business Only | $700,000

Investment highlights

Prime Location – The property is positioned on a hard corner with clearly defined ingress and egress, providing strong visibility and convenient access from multiple directions. The parcel is approximately half an acre, offering additional flexibility for future expansion or site enhancements. Saybrook Road carries nearly 16,000 vehicles per day, delivering consistent daily traffic exposure and reinforcing the strength of the location.

Growing Trade Area – Middletown continues to experience steady commercial and residential growth. Recent residential developments and new commercial construction have increased population density and overall consumer activity in the area. The site’s placement within a well-trafficked plaza further enhances its appeal, as the surrounding businesses drive consistent cross-traffic. Several tenants within the plaza have historically endorsed Reflections as the top car wash in town, underscoring its strong local reputation and brand equity.

Significant Value-Add Potential – There are multiple avenues for a new owner to unlock additional upside. The large bay on the far right has the potential to be converted into an automatic wash system (touchless or friction), which could materially increase throughput and revenue. Additionally, there is currently no membership program in place; implementing an unlimited wash subscription model would create recurring revenue and capitalize on the site’s loyal customer base. Notably, the property has operated for 21 years without on-site employees or management, presenting further operational and scalability opportunities for an engaged owner-operator.

Car Counts: 2023 – 12,766 | 2024 – 13,780 | 2025 – 14,899 (Automatic Tunnel Only)

Equipment: Automatic Bay: Belanger Saber, 2 Arm Touchless (January 2015 Installation) | Self-Serve Bays: Installation by Arcadian Services with traditional CAT 310 Pumps with numerous options for customers (October 2005 Installation)

LEASE: LEASE: 20 Year Lease | $3,050 per month w/ 8.9% Rent Bumps every 5 years (Lease Increase Negotiations Every 5 Years)

Listing Contacts

BG
TN, TN 356957
Matthews
BC
NY 10401391900
Matthews
Listed by Matthews

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Additional Information

Name
Kyle Matthews
License
REB.0790986 (CT)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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