6119 Cougar Ln Salt Lake City, UT 84118-6064
Property summary
This exceptional car wash opportunity in Kearns, Utah presents a strong investment prospect. The 10,616 square foot facility sits on a 0.75-acre lot and boasts a 7.00% cap rate with a current NOI of $119,378 and a pro-forma NOI of $105,671. Built in 1997 and extensively renovated in 2024, the property features minimal deferred maintenance and immaculately maintained equipment. Recent upgrades include a new credit card system with tap-to-pay and swipe functionality, credit card capability added to all vacuums, new lines for self-serve bays, new high and low-pressure hoses, new selector switches, state-of-the-art Dixmor timers, a new 120-gallon water heater with instantaneous heating, a new pump stand with new VFDs, a new bubble brush board, and a comprehensive interior and exterior surveillance system. The property's prime location is adjacent to Harmon's, Arctic Circle, Jiffy Lube, Sonic, and numerous other retailers, ensuring high visibility and consistent customer traffic. The property's APN is 21-18-351-003-0000. This turnkey operation offers a rare chance to acquire a well-maintained, high-performing car wash in a thriving commercial area. The asking price is $1,600,000.
Property profile
VerifiedCap rate & NOI
Current use
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Hair Salon Nail Salon
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Car Wash
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Car Wash
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
SC-2 · Salt Lake City, UTZoning
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Zoning designation
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The district profile from the municipal source: what is on file for SC-2 in Salt Lake City, UT.
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