Listed by Matthews
$1,187,000
Finish Line Car Wash & American Self Storage
Details
Property Type Self Storage, Special Purpose
Sub Type Car Wash
Square Footage 8,000
Units 51
Tenancy Multi
Year Built 2022
Acreage 0.990
Investment Type Owner/User
Ground Lease No
Turnkey Car Wash & Self Storage Business with Real Estate
Investment highlights
- Owner/User Opportunity: Opportunity to acquire the building, business and underlying real estate for the car wash & self-storage properties.
- Limited Direct Competition: Site benefits as one of two car washes in Donalsonville, and the only automatic car wash. Additionally, American Self Storage is the only self-storage location in Donalsonville.
- Newer Construction: Car Wash and Self-Storage buildings were built in 2022, offering an attractive price below replacement cost.
- Proven Track Record | High Profit Margins: With years of successful operation, the locations have established themselves as reputable and reliable car wash and self storage sites, attracting a loyal customer base. Locations are operating at high profit margins due to zero employees and very passive ownership.
- Special Tax Advantage: Under IRS Code Sections 179 & 168 (k), these types of properties can qualify for business expense deductions up to 40 percent of the cost in the first year. Some car washes even qualify for “bonus depreciation” for personal property acquisitions in addition.
- Strong Occupancy: Self-storage unit occupancy at 94.12% and SF occupancy at 93.67%.
- Express Car Wash: 60 ft automatic tunnel length, 8 vacuums, express wash type.
- High Traffic Counts: ±7,800 vehicles per day pass the site.
- Climate Controlled Units: All 51 self-storage units are climate controlled.
Listing Contacts
Listed by Matthews
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
