Listed by Bang Realty
$7,900,000
Cobblestone Auto Spa
Details
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 4,504
Cap Rate 6.35%
NOI $501,650
Tenancy Single
Lease Type Absolute NNN
Year Built 2019
Acreage 0.850
Tenant Credit Corporate Guarantee
Ground Lease No
About This Property
Marketing description
Bang Realty is pleased to present the exclusive listing for a Cobblestone Auto Spa located at 4301 South Parker Road, Aurora, CO 80015. The site consists of roughly 4,504 rentable square feet of building space on an estimated .85-acre parcel of land. Cobblestone Auto Spa is subject to a 20-year lease which will commence upon close of escrow. The annual rent will be $501,650 and has scheduled increases of 1.50% Annually.
Investment highlights
- Bonus Depreciation Opportunity | The property qualifies for 100% bonus depreciation, offering investors significant tax advantages in the early years of ownership. These incentives enhance after-tax cash flow and improve overall investment returns, making this asset especially attractive for buyers seeking efficient tax treatment on real estate holdings. SURMOUNT and Marcus and Millichap are not a tax advisors. Please consult your own tax professional.
- Cobblestone Auto Spa Corporate Guarantee | The lease is guaranteed by Cobblestone Auto Spa, one of the nation’s largest and fastest-growing car wash operators with a significant presence across the Southwest and beyond. The company currently operates 120+ locations nationwide and continues to expand its footprint through strategic acquisitions and new development opportunities, reinforcing its position as a leader in the express car wash industry.
- Strong Affluent Trade Area Demographics | The subject property is located within a strong and densely populated trade area in Aurora, with more than 83,100 residents within a 3-mile radius and approximately 296,000 residents within a 5-mile radius. The surrounding area also features strong household incomes, with average household income exceeding $193,100 within 1 mile and $163,986 within 3 miles.
- Prime Signalized Corner with Strong Traffic Counts | The subject property is strategically positioned on a hard, four-way signalized corner at South Parker Road and East Quincy Avenue in Aurora. South Parker Road experiences over 56,999 vehicles per day, while East Quincy Avenue sees more than 39,000 vehicles per day.
Listing Contacts
Listed by Bang Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$501,650.00
$41,804.17/mo
Valuation Metrics
0
DSCR
6.35%
Cap Rate
6.35%
ROI
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