Property summary
This exceptional 1,964 sq ft car wash, built in 2007 and renovated in 2018 & 2020, is situated on a 32,160 sq ft lot in the thriving Reunion Marketplace of Commerce City, CO. Boasting a high sales volume and commanding market presence, this single-unit business offers significant returns. Financial highlights include a 9.49 EBITDA multiple, a 5.78 GIM, and a $200,000 free cash flow. SBA financing is available with a 12% down payment, promising a 17.7% ROI on the down payment. The property benefits from a strategic location at the intersection of 104th Ave and Tower Rd, providing easy access to Pena Blvd and Denver International Airport. Nearby businesses include a Conoco gas station, NAPA Auto Parts, Starbucks, and a Sonic Drive-In, further enhancing visibility and customer traffic. The car wash is part of a larger commercial development encompassing restaurants, a Wells Fargo Bank, and a two-story medical office building. High traffic counts on 104th Ave (15,055 ADT as of Dec 2022) and Tower Rd (26,836 ADT as of May 2021) underscore the property's exceptional location. This is a rare opportunity to acquire a highly profitable, established business in a rapidly growing area. The property is zoned commercial.
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6 recent transactions · within 1.5 miComparable in this City
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Tax year 2023Property description
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