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33596726
33596725

2 Locations

WM
UT 11797056-cn00
DM
MI 6501460420
Realty Executives Home Towne (Shelby)
Listed by Realty Executives Home Towne (Shelby)
$7,275,000
1 day on market
Updated 1 day ago
Opportunity zone

2099 Main Street

Details
Property Type Special Purpose
Sub Type Car Wash
Square Footage 7,554
Cap Rate 8.25%
NOI $600,000
Pro-Forma Cap Rate 9%
Pro-Forma NOI $655,000
Year Built 2003
Buildings 2
Acreage 1.010
Ground Lease No

27-Year Owner-Operated Car Wash Portfolio | 8.25% Cap Rate | $600K NOI | 7,554 SF Across Two Utah Lo

Marketing description

Utah buyers contact The Virtual Realty Group directly at [email protected] for property info.

All out of Utah State buyers, for property information, contact Danielle Moore, Out-of-State Marketing Agent: Realty Executives Showcase Commercial (586) 354-4433. [email protected]

Hidden Cove Car Wash Portfolio presents a rare opportunity to acquire a two-location self-serve and in-bay automatic car wash portfolio in the rapidly growing Wasatch Front region of Northern Utah. The portfolio consists of established facilities located at 2099 N Main Street in Layton and 5590 S 2000 West in Roy, totaling 7,554 square feet on 1.014 acres.

Owned and operated by the same family since 1998, Hidden Cove has built a strong reputation, loyal customer base, and a proven operating history spanning more than 27 years. The portfolio features 9 self-serve bays, 2 in-bay automatic touchless washes, vacuum stations, and vending revenue centers, all operating 24 hours a day, 365 days per year.

The offering is priced at $7,275,000 and generates an average annual Net Operating Income of approximately $600,000, representing an 8.25% going-in capitalization rate and a strong 73.6% NOI margin. The sale includes the underlying real estate, wash equipment, business operations, inventory, and established Hidden Cove brand.

Both locations benefit from highly visible corner-lot positions along major commuter corridors serving the Hill Air Force Base employment base and the expanding Northrop Grumman Sentinel Program. These economic drivers, combined with ongoing infrastructure improvements and population growth throughout Northern Utah, provide a compelling foundation for future revenue growth.

Ownership has invested more than $225,000 in capital improvements since 2022, including new roofs, LED lighting and signage, security systems, water delivery upgrades, pump replacements, concrete improvements, and equipment enhancements. As a result, the portfolio offers a well-maintained operation with minimal anticipated near-term capital expenditure requirements.

This is an exceptional opportunity for investors seeking a recession-resistant business with strong cash flow, valuable underlying real estate, minimal labor requirements, and long-term growth potential in one of the Mountain West's most dynamic markets.

Utah Listing Broker of Record: Winnfort Myles, The Virtual Realty Group, UT Lic. #1179-7056-

CNOO. All offers are submitted to and negotiated through The Virtual Realty Group.

Investment highlights

8.25% Going-In Cap Rate

$600,000 Average Annual NOI

27 Years of Continuous Ownership

Two High-Visibility Utah Locations

7,554 SF on 1.014 Acres

9 Self-Serve Bays + 2 In-Bay Automatic Washes

$225,286 in Recent Capital Improvements

73.6% NOI Margin

Hill AFB & Northrop Grumman Employment Drivers

24/7 Unattended Operations

Multiple Revenue Streams (Wash, Vacuums, Vending)

Growth Potential Through Pricing & Payment Modernization

Listing Contacts

WM
UT 11797056-cn00
DM
MI 6501460420
Realty Executives Home Towne (Shelby)
Listed by Realty Executives Home Towne (Shelby)

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$600,000.00
$50,000.00/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
ROI

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Additional Information

Name
Winnfort Myles
License
11797056-cn00
Brokerage
The Virtual Realty Group
Brokerage Phone
6017069593
Title
Broker
Brokerage Address
92 Corporate Park
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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