Richmond Car Wash Portfolio

Owner/User Opportunity – Opportunity to acquire the building, business and underlying real estate.
Minimal Competition – There are only 4 Self-Serve and In-Bay Automatic car washes in the Richmond, KY market creating an opportunity to immediately acquire 50% market share in Richmond.
Strong Exposure – Boggs lane is positioned with direct visibility off of Eastern Bypass which see’s over ±31,500 VPD and Keeneland is positioned directly off Lexington Rd which see’s over ±9,000 VPD.
Recent Upgrades – All wash pay stations were updated in 2023 to accept coins, dollar bills and crypto pay / credit cards.
College University Town – Eastern Kentucky University sits in the middle of Richmond which enrolled over 12,000+ students in the Fall of 2022 and nearly 2,500 faculty & staff.
Growing Market – Richmond, KY is set to grow over 2.50% in the next 5 years according to CoStar data with significant new construction in the area.
Close Proximity – Both washes are positioned in Richmond less than 4-miles apart, which allows for easy access to both sites for a single employee to manage both locations simultaneously.
Located near Strong Retail – Notable retailers within 1-mile of the sites include Walmart, Lowe’s, Aldi, Kroger, Dutch Bros Coffee, Planet Fitness, McDonald’s, Hobby Lobby, Red Lobster, and Jack Buford Chevrolet along with many more.
Additional Tax Benefits – Car washes qualify for bonus depreciation which can create higher returns on investments. *Please consult with CPA for details