PLAZA AUTO WASH

724 Park Plaza Dr, New Albany, MS 38652
$2,600,000

Year Built
2021
Leasable Area
4,000 SF
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • Owner/User Opportunity – Opportunity to acquire the building, business, and underlying real estate.
  • No Competition – This site has been the only express car wash in town since its opening. It has a very strong customer base, providing consistent sales figures and opportunity to grow with the town.
  • Strong Exposure – The property is positioned less than half a mile from the only Walmart in town and has great visibility from I-22 which see’s over ±24,200 vehicles per day.
  • Attractive Price point – The offering price reflects the existing business’s profitability and potential for future growth while still being right in-line with replacement cost.
  • Ideal Lot Size/Layout – The property is positioned on ±1.22 acres of land and has an ideal layout which allows for a high-volume site and future growth.
  • Site Positioning – Plaza Auto Wash is just down the road from the densest retail area of New Albany and many residents pass by the site when going to any retail or dining options.
  • Located Strong Retail Options – Notable nearby retailers within under half a mile include Walmart, Lowe’s, Zaxby’s, Taco bell, Harbor Freight, Gamestop, Burger King, and many more.
  • Market Positioning – Just ±82 miles from Memphis and ±28 miles from Tupelo, New Albany sits just off busy Interstate 22. The New Albany Market has grown 11.5% over the past 5 years and is expected to continue to grow 5% over the coming 5 years.
  • Qualifies For Bonus Depreciation – Car washes qualify for bonus depreciation which can allow for much higher returns on investments and significant tax savings.
    *Please consult a CPA for further details.

Broker of Record

  • Phillip Carpenter
  • License No. C-11708 (MS)
  • (866) 889-0550
  • Carpenter Properties, Inc.
  • 1437 Old Square Road,
    Suite 104 Jackson, MS 39211