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Laserwash Portfolio

2 Speciality Properties Offered at £1,262,400 in Fayetteville, NC

Investment Highlights

  • Four new vacs IVS vacs added in 2022
  • ? Buildings, bays, vac islands repainted summer 2021
  • Two new Hamilton rear-load bill changers installed January 2023

Executive Summary

Grant-Murray Real Estate is pleased to present for portfolio sale 6830 Cliffdale Rd. (“Cliffdale Laserwash”) and 2609 Camden Rd. (“Camden Road Laserwash”) located in Fayetteville NC. The T-12 combined net operating income is $162,781 (10.17% cap rate).

The Cliffdale Laserwash consists of two (2) automated laser washes, five (5) self-wash bays, and six (6) vacuum stations, and two (2) vacuum/shampoo/fragrance stations located on 0.83 acres. The traffic count is 35,755 VPD. The T-12 net operating income is $82,286. The property is located in the Southwest Fayetteville Submarket .75 miles from I-295 (Exit 21), providing convenient access to major roads in and around Fayetteville. The property is surrounded by nearby multi-family developments and single-family subdivisions, providing a steady customer base.

The Camden Laserwash consists of two (2) automated laser washes, five (5) self-wash bays, and four (4) vacuum stations located on 0.79-acres. The traffic count is 8,047 VPD. The T-12 net operating income is $80,495. The property is located in the Southwest Fayetteville Submarket .08 miles from Owen Dr. (34,000 VPD) and .67 miles from I-95 Business, which also provides a steady customer base.

Both locations are well-maintained and present an excellent investment opportunity.

Property Facts

Price £1,262,400
Price / SF £304.19 / SF
Net Initial Yield 10.17%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 4,150 SF
Total Land Area 1.61 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
6830 Cliffdale Rd, Fayetteville, NC 28314 Speciality 2,400 SF 2003 -
Camden Rd. Laser Wash
2609 Camden Rd, Fayetteville, NC 28306
Speciality 1,750 SF 2001 -
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  • Listing ID: 33052703

  • Date on Market: 04/09/2024

  • Last Updated:

  • Address: Laserwash Portfolio, Fayetteville, NC

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