Prime turn-key investment car wash opportunity in Winder and Monroe, GA. These car washes are comprised of 6 self-serve bays and 1 touch-free in-bay automatic each, along with 5/6 vacuums in Monroe/Winder, respectively. Both cities seen significant population growth (Winder - 11.9% and Monroe - 8.0%) since 2020 and continue to expand rapidly with extensive residential and commercial construction currently taking place. Real estate appraised at $1,075,000 in 2022 and has appreciated since as their respective markets have grown. The car washes are centrally-located in each city in highly-visible and heavily traveled areas. These properties saw renovations and user upgrades in 2022-2024. Value-add opportunity exists at both locations. Willing to sell as packaged or individually.
- Centrally located
- In-place 2024 NOI of $227,865 - 2025 NOI grows to $233,890 annualized.
- Both locations have employees in place for cleaning and basic maintenance - can be absentee run
- Zoned Commercial B-2/B-3 with redevelopment potential in Winder/Monroe, respectively
- Addition of ceramic wax in self serve bays in 2025 at both locations, which will drive increase in revenue
- Limited competition in the area for both car washes
- Atlanta MSA
- Real estate is included
- Training to be provided by seller
- Owner is not currently offering seller financing unless substantial down payment is provided
- Winder location - 78 W Athens St, Winder, GA 30680
- Monroe location - 690 W Spring St, Monroe, GA 30655
Ad#:2378370