For Sale
$995,000

3791 72Nd AveWestminster, CO 80030

Profitable Car Wash, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional investment opportunity: a 3,472 square foot car wash in Westminster, CO, at 3791 W 72nd Ave. This single-tenant, NNN-leased property boasts a current NOI of $53,913 and a pro-forma NOI of $54,547. The lease expires October 31, 2025, offering approximately 0.9 years of remaining term. Built in 1957 and renovated in 2016, the property sits on a 1.21-acre lot and is zoned B-1 (Business), allowing for a wide variety of commercial uses. Its prime location is within Westminster's redevelopment area and is situated in a Qualified Opportunity Zone, presenting significant potential for future value appreciation or redevelopment. The asking price is $995,000, translating to $286.58 per square foot. This property offers immediate cash flow with substantial long-term upside. The property benefits from high visibility and traffic exposure along a bus line. This is a rare opportunity to acquire a well-located, income-producing asset with significant future potential.

Highlights

  • $995,000 asking price for this 3,472 SF car wash on a 1.21-acre lot.
  • NNN lease in place until October 31, 2025, with approximately 0.9 years remaining.
  • B-1 Business zoning allows for diverse commercial uses.
  • Excellent location within Westminster's redevelopment zone and a Qualified Opportunity Zone (QOZ).
  • Strong current NOI of $53,913, with pro-forma NOI of $54,547, offering immediate cash flow and value-add/redevelopment potential.

Property Details for 3791 72Nd Ave

Property type
Specialty properties, Car washes
Square Feet
3,472 SF
Year Built/Renovated
1957/2016
Buildings
1
Lot Size (sq. ft)
52,708 SF

Location Insight

City
Westminster
County
Adams
State
Colorado
Latitude
39.8275785
Longitude
-105.0369155
3791 72Nd Ave, Westminster, Colorado

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3791 72Nd Ave
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