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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33321054
33321052

9105 Martin Way E, Lacey, WA 98516

MS
AZ SA711979000
Matthews
SA
AZ BR663663000
Matthews
Listed by Matthews
$4,985,000
2 days on market
Updated 2 days ago

Lacey Car Wash

Details
Property Type Special Purpose
Sub Type Car Wash
Square Footage 37,026
NOI $582,000
Tenancy Single
Year Built 2004
Acreage 0.850
Zoning MHDC
Investment Type Owner/User
Ground Lease No
Ownership Fee Simple

High Cash Flow Car Wash + BigFoot Java | Lacey, WA

Investment highlights

11.7% Cap Rate & 8.5x Multiple based on 2025 operating performance

2026 YTD Revenue Up 6% compared to 2025 YTD, demonstrating continued growth and strong market demand

Dual Income Streams from a high-performing car wash and leased BigFoot Java espresso stand

High Cash Flow with established operations and minimal day-to-day management requirements

Value-Add Opportunity through unlimited wash club implementation, marketing initiatives, and additional automation

Prime Lacey Location on Martin Way E with approximately 17,300 vehicles per day

Modern Facility featuring 4 self-serve bays, 2 touchless automatic bays (upgraded in 2021), and 8 vacuum stations

0.85-Acre Site located within a rapidly growing Olympia/Lacey trade area surrounded by residential and retail development

The espresso shop lease, under an established coffee brand, BigFoot Java, offers a 5-year initial term with eight 5-year renewal options and 3% annual rent escalations, providing consistent rent growth.

The property is in a high-demand wash area providing essential service with a loyal, repeat customer base. Positioned for scalable growth and increased profitability under new ownership.

Listing Contacts

MS
AZ SA711979000
Matthews
SA
AZ BR663663000
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$582,000.00
$48,500.00/mo

Valuation Metrics

0
DSCR
11.68%
Cap Rate
11.68%
ROI

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Additional Information

Name
Brian Brockman
License
21256 (WA)
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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