Car Wash Portfolio Sale

Unique opportunity to own 2 high performing and highly profitable car washes in Denver, CO. Together, they control the neighborhood markets of Virgina Village, Goldsmith, Observatory Park, and University Hills, which are highly populated with heavy traffic volumes and strong incomes. Carvana, Quick Trip and 400 new apartments are recent additions to the neighborhood(s) which are infill sites with heavilyy densified development. Accordingly, the neighborhoods are mature and experiencing redevelopment in many situations.
The washes are well located on arterial streets with superior access and at intersections with traffic lights. The Monaco site contains 1 automatic bay and 4 self-serve wash bays; the Evans site contains 1 automatic bay and 5 self-serve wash bays; each have vacuums on site. Both sites have been well maintained by local ownership and operate very efficiently resulting in high profit to income ratios. Wash prices could use a refresh which should result in a top and bottom level increase of about 17% from current levels offering the purchaser a value add proposition immediately upon closing.