For Sale
$4,100,000

21011 Pioneer BlvdLakewood, CA 90715

High-traffic car wash & lube, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a newly remodeled, high-traffic car wash and lube business located at 21011 Pioneer Blvd, Lakewood, CA 90715, in Los Angeles County. The property, a corner lot at a major intersection, boasts a full-service car wash with express conversion plans already in place. All equipment is new Sonny's branded. The asking price is $4,100,000, representing a 4.95% cap rate and a strong net operating income (NOI) of $203,000. This single-unit business is situated in a densely populated area, benefiting from over 2.3 million people within a 10-mile radius and a substantial workforce of 224,000 employees nearby. Post-renovation, business is thriving, making this a compelling investment opportunity with significant growth potential. The property includes the real estate and offers oil change services in addition to car washing. This turnkey operation is ready for a new owner to step in and continue its success. The property type is classified as Business for Sale, Retail, and Special Purpose.

Highlights

  • Newly remodeled, high-traffic car wash and lube business in Lakewood, CA.
  • Corner lot at a major intersection with express conversion plans.
  • $4,100,000 asking price, 4.95% cap rate, $203,000 NOI.
  • Located in a densely populated area with over 2.3 million people within 10 miles and 224,000 employees nearby.
  • Turnkey operation with all new Sonny's branded equipment; includes real estate.

Property Details for 21011 Pioneer Blvd

Property type
Specialty properties, Retail properties
Units
1

Location Insight

City
Lakewood
County
Los Angeles
State
California
Latitude
33.8384073
Longitude
-118.0824192
21011 Pioneer Blvd, Lakewood, California

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21011 Pioneer Blvd
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