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    1125 Fountains Way, Cedar Falls, IA 50613

    1.32 ac lot Built 2023
    Property ID
    Property summary
    AI-generated overview

    This exceptional car wash business, located at 1125 Fountains Way, Cedar Falls, IA 50613, presents a unique owner-user opportunity. Built in 2023, this modern facility sits on approximately 1.32 acres and boasts a state-of-the-art 85-foot Peco's tunnel system, three self-service bays (including one oversized bay), express detailing services, and ten vacuums. Its versatile offerings cater to a diverse clientele, and its proximity to the University of Northern Iowa (within 1.5 miles) provides a substantial and growing customer base. The business has demonstrated strong growth since its launch, fueled by a rapidly expanding membership. The property benefits from a high average household income within a one-mile radius ($113,000) and is eligible for bonus depreciation, offering potential tax advantages. This turnkey operation features contemporary facilities and cutting-edge infrastructure, built to current industry standards, and offers ample space for future expansion. The asking price is $5,280,000. This is a rare opportunity to acquire a thriving business, building, and land in a desirable location. Serious inquiries only.

    Property profile
    Verified
    Property type Specialty properties
    Year built 2023
    Lot 1.32 ac (57,499 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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