MOJO'S XPRESS WASH PORTFOLIO

INVESTMENT HIGHLIGHTS

PROPERTY & BUSINESS OVERVIEW

• Owner/User Opportunity: Opportunity to acquire the business, building, and underlying real estate on two express wash locations in GA. High volume generating business with opportunity for significant NOI Growth. Financial information is provided upon signed confidentiality agreement.
• Seller Renovations for New Owner: On the Swainsboro site (built-in 2018), the owner recently invested in substantial upgrades which included a new arch, ceramics, graphene, 2 new LPR Cameras, a new menu board, new chairs & rollers, 16 new cameras, and a 25 HP vacuum turbine.
• Dynamic Features/Layout
  • Swainsboro: Sits on ±1.29 AC and houses a ±125 FT tunnel with 14 Vacuums.
  • Waynesboro: Sits on ±1.10 AC and houses a ±135 FT tunnel with 10 Vacuums (infrastructure to add 4 more).
• Qualifies for Bonus Depreciation: Car washes qualify for bonus depreciation which allows you to write off the majority cost of the purchase in year 1*.
• Recurring Customer Base: A recurring customer base showing a proven track record in the area.
• Low-Expense Load
  • Swainsboro: Houses a well installed for water but it also hooked up to city water and sewer.
  • Waynesboro: Contains a special water meter and the water bill is historically only $300-$400/month.

LOCATION & DEMOGRAPHICS

• Strategic Locations: Both sites are Walmart Outparcels and are located 40 miles apart to help streamline management.
• Modern Construction with Sonny’s Equipment:
  • Swainsboro: Built in 2017 and opened in 2018.
  • Waynesboro: Built in 2023.
• Minimal Competition: There is not another true express car wash within 20+ Miles of the location.
• Strong Neighboring Retailers and Location: Directly across from Walmart and national retailers such as Walgreens, Zaxby’s, Dairy Queen, KFC, Tractor Supply, Dollar Tree, and Burger King.
  • Swainsboro Market: Swainsboro, Georgia, has a population of about 7,611 and is located in Emanuel County. The city’s economy includes agriculture, manufacturing, and retail. Local businesses are supported by the community and government incentives.
  • Waynesboro Market: Waynesboro, Georgia, has a population of around 5,607 and is in Burke County. The city’s economy is driven by agriculture, manufacturing, and the nearby Plant Vogtle nuclear facility.

*Matthews™ does not provide tax, legal or account advice. This is for informational purposes only and is not intended to provide or relied on for tax, legal or accounting advice