726 Leonard Ave Albemarle, NC 28001
This exceptional investment opportunity presents two thriving car washes in the Charlotte MSA, North Carolina. The portfolio includes two strategically located properties, one in Albemarle and one in Concord. The Albemarle location boasts a prime retail position, situated on the main drag in front of major retailers such as Walmart, Tractor Supply, T.J. Maxx, and Hobby Lobby. This location benefits from exceptionally high daily vehicle traffic exceeding 20,000 vehicles per quarter mile. The Concord location is similarly situated near the Carolina Mall and enjoys highway frontage on Branchview Drive, with over 21,000 vehicles passing daily. This location also includes approximately 0.70 acres of cleared land, presenting a significant value-add development opportunity. Both locations are situated within a rapidly growing area, experiencing a 50% population increase since 2002. The portfolio is offered at $2,450,000 and is currently operating at 100% occupancy. This is a rare opportunity to acquire a turnkey, high-performing car wash portfolio in a dynamic market. The properties can be sold individually or as a package. Detailed financial information is available upon request.
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Eco Car Wash Car Wash
7 R-4 Traditional Neighborhood Design District 92.098 R-O Residential-Office Re-Use District 92.099 NBD Neighborhood Business District 92.100 CBD Central Business District 92.101 NS Neighborhood Shopping District 92.102 GHBD General Highway Business District 92.103 SCD Shopping Center District 92.104 MUSCD Mixed Use Shopping Center District 92.105 HMD Hospit…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GHBD · Albemarle, NC7 R-4 Traditional Neighborhood Design District 92.098 R-O Residential-Office Re-Use District 92.099 NBD Neighborhood Business District 92.100 CBD Central Business District 92.101 NS Neighborhood Shopping District 92.102 GHBD General Highway Business District 92.103 SCD Shopping Center District 92.104 MUSCD Mixed Use Shopping Center District 92.105 HMD Hospital-Medical Center District 92.106 LID Light Industrial District 92.107 HID Heavy Ind
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.