Listed by Sands Investment Group Los Angeles, Sands Investment Group
$1,500,000
Imperial Express Wash - Waterford, MI (Highland)
Details
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 33,541
Units 1
Occupancy 100%
Tenancy Single
Price per SqFt $45
Year Built 2004
Year Renovated 2024
Acreage 0.770
Zoning General Business
Ground Lease No
Full Serve Car Wash Business & Real Estate | Strong EBITDA
Marketing description
Sands Investment Group is pleased to exclusively offer 3456 Highland Road, a 0.77-acre infill retail parcel fronting M-59 at 39,157 VPD in the geographic center of Oakland County. Improved with a functionally new express car wash rebuilt in 2023–2024, the site offers two paths to value: operate the turnkey wash for immediate cash flow or reposition irreplaceable corridor real estate surrounded by national retail. Priced below replacement cost and protected by Waterford Township's moratorium on new car wash construction, it pairs a defensible, income-producing use with long-term retail optionality.
Investment highlights
- Irreplaceable Corridor Real Estate: 0.77-acre infill parcel fronting M-59 at 39,157 VPD, minutes from US-24, surrounded by national retailers such as Tim Hortons, Burger King, 7-Eleven, Speedway, Verizon, and Dollar Tree, all in the geographic center of Oakland County.
- Two Paths to Value: Operate the turnkey express wash for in-place cash flow today, or reposition the site into a passive, net-leased asset, offering flexibility that fits owner-users, net-lease investors, and value-add buyers.
- Protected, Defensible Use: Waterford Township's moratorium on new car wash construction shields the in-place use from competition and preserves a scarce, hard-to-replicate income stream on the corridor.
- Turnkey, Functionally-New Operation: Rebuilt in 2023-2024 with a complete Motor City Wash Works package (Grand Arch, Wall of Foam, Axis Robot, hot wax and ceramic arches, Rain Bar, nine dryers, two pay stations, DRB SiteWatch) and six JE Adams vacuums, with minimal near-term capex.
- Below Replacement Cost: At $54/PSF (lot), a buyer acquires a recently rebuilt, cash-flowing asset for less than the cost of new development.
Listing Contacts
Listed by Sands Investment Group Los Angeles, Sands Investment Group
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