Imperial Car Wash Portfolio - Waterford Township, MI
2-Unit Car Wash Portfolio | Detroit MSA | Strong Cash Flow | Below Replacement Cost
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the Imperial Car Wash Portfolio, comprising of 2 operational car wash facilities in Waterford Township, MI. The offering includes a 125-foot full-service site at 521 Elizabeth Lake Road and a 98-foot express site at 3456 Highland Road, both featuring newly installed Motor City Wash Works equipment and DRB SiteWatch POS systems. The portfolio is offered at a meaningful discount to replacement cost, with attractive in-place cash flow and a municipal moratorium on new car wash development providing a durable barrier to new competition. The properties are available for acquisition as a portfolio or may be purchased individually, offering investors flexibility to pursue either a scaled platform or a single-asset investment opportunity.
Investment highlights
- Priced Below Replacement Cost with In-Place Cash Flow: Both sites are operational and revenue-generating with newly installed equipment, offered at a meaningful discount to estimated replacement cost. Investors step into stabilized assets without the entitlement risk, construction timeline, or capital outlay of ground-up development.
- Hard Barrier to New Competition: Waterford Township maintains an active moratorium on new car wash development, directly protecting both sites from new supply within the trade area. In a sector where ground-up competition is the primary threat to existing site economics, this regulatory moat is a significant and durable advantage.
- Major Redevelopment Tailwind at Site 1: Site 1 fronts the 74-acre Oakland County Business Center, a $63M mixed-use redevelopment of the former Summit Place Mall, projected to deliver up to 1 million SF and 2,183 permanent jobs at full buildout. The project is already underway: DTE Energy's 75,000 SF Waterford Service Center is built and operational, and a $20M Joe Lunghamer Chevrolet dealership was announced in April 2026 as the next phase.
- High-Traffic, High-Visibility Corridors: Site 1 sits on Elizabeth Lake Road near the Telegraph Road corridor, a primary north-south artery in Oakland County. Site 2 fronts M-59, a major east-west commuter route. Both sites offer strong visibility, full access ingress/egress, and combined exposure to approximately 40,000 VPD.
- Affluent Detroit Metro Trade Area: Both sites benefit from Oakland County's exceptional demographics, one of the wealthiest counties in the U.S., anchored by national retailers and the dense, established bedroom-community population of Waterford Township and the broader Detroit MSA.
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