Listed by ParaSell Inc, Sands Investment Group, Sands Investment Group Los Angeles
$3,500,000
Wash N Go - Bedford, OH Portfolio
Details
Property Type Retail, Special Purpose
Sub Type Storefront, Auto Shop
Square Footage 8,692
Cap Rate 14.31%
Occupancy 100%
Tenancy Multi
Price per SqFt $403
Acreage 1.860
Ground Lease No
Cleveland MSA Car Wash Portfolio | 2 Infill Locations | $3.5M
Marketing description
We are pleased to exclusively offer for sale the Wash N Go Portfolio, comprising two operational car wash facilities located on Northfield Road in Bedford Heights, OH. This offering presents the opportunity to acquire both the business and real estate (fee-simple) of two established car washes on a high-traffic suburban Cleveland corridor, priced at $3.5M, a compelling basis relative to replacement cost.
Investment highlights
- Priced Below Replacement Cost: At $3.5M for two operational facilities on a 20,000 VPD infill arterial, the ask represents a significant discount to what entitling, permitting, and constructing comparable sites would cost today, without the operating history, brand, or membership base that transfers at close.
- High-Traffic, Captive Customer Base: Northfield Road connects multiple southeast Cleveland suburbs, Bedford Heights, Warrensville Heights, North Randall, and Maple Heights, with approximately 20,000 VPD passing each site. This generates a large, captive local customer base with strong repeat membership potential.
- Proximity to Major Regional Traffic Generators: Both sites benefit from nearby demand drivers, including MGM Northfield Park (one of the largest gaming and entertainment destinations in Northeast Ohio), Randall Park, and the broader retail corridor connecting I-480 and I-27, adding consistent non-local traffic beyond the immediate residential base.
- Dense, Stable Suburban Trade Area: The sites are situated within a densely populated, established residential market in Cuyahoga County's southeast suburban corridor. The surrounding trade area is supported by national QSRs, auto-oriented businesses, and daily-needs retail, all driving the repeat consumer traffic patterns that favor car wash and membership models.
- Established Membership Base with Day-1 Recurring Revenue: Both sites carry an active membership base, providing immediate, stabilized recurring income from the first day of ownership.
- New Equipment Across Both Sites: Site 1 features a brand-new dual-format conveyor tunnel with customer-selectable soft cloth or no-touch at the point of sale, a rare market offering. Site 2 features a 5-year-old McNeil/Sonny's soft-touch conveyor with a 4-bay self-serve area. Sonny's LPR systems were installed within the past year across both sites.
Listing Contacts
Listed by ParaSell Inc, Sands Investment Group, Sands Investment Group Los Angeles
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