OWNER/USER EXPRESS CAR WASH

INVESTMENT HIGHLIGHTS:

• OWNER/USER OPPORTUNITY: Unique opportunity to acquire a newly repositioned express car wash consisting of business, building, and underlying real estate.
• SIGNIFICANT CAPEX: The site layout and building are undergoing extensive renovations along with a newly installed equipment package. The site is slated to be delivered in Q2 2024.
• EXPRESS IMPROVEMENTS: The property features a well-designed layout with ±4,300 SF of wash improvements, including a 100ft Express Tunnel, (3) Pay Stations and (23) Vacuums. The improvements are situated on a 0.90-acre lot, offering ample space for current operations.
• STRATEGIC LOCATION & VISIBILITY: Situated on Old Hickory Blvd with a traffic count of ±39,000 vehicles per day (VPD) with an additional ±37,800 VPD on Nolensville Pike. The car wash also benefits from a highly visible pylon sign and convenient accessibility with center turning lane.
• NEIGHBORING MARKET DRIVERS: The site is across the street from the South Plaza & Hickory Plaza Shopping Centers, which house daily needs retailors like: Lowe’s, Big Lots, Dollar Tree, Kroger, Starbucks, Regions Bank, AutoZone, and more.
• DESIGNED BY INDUSTRY EXPERTS: The improvements and layout were designed by Car Wash Architect, an award winning, multi-faceted architectural, planning and engineering firm.
• NASHVILLE METROPOLITAN STATISTICAL AREA: Nashville is the most populous metro area in Tennessee with just over 2 million people.
• HIGH BARRIER TO ENTRY: With car wash permits becoming increasingly more difficult to secure in the Nashville market, this creates a great opportunity to secure a foothold in a highly desired market.
• OPPORTUNITY TO PERSONALIZE: The current owner will leave the building coloring, branding and signage blank for new operator to design the sites appearance to their company standard.
• NEW DEVELOPMENTS: The incoming addition of e-commerce giant Amazon, investment management firm Alliance Bernstein, technology behemoth Oracle, and the new $2.1 billion Tennessee Titans stadium – real estate industry professionals continue to see the Music City as the place to be and invest in despite a year of national decline in property sales and developments.
• QUALIFIES FOR BONUS DEPRECIATION: Car washes qualify for bonus depreciation which allows for additional tax benefits. *Please consult your CPA for details.