2230 Monaco St PkwyDenver, CO 80222

For Sale
$4,500,000
High-Profit, Dual-Location Car Wash

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents two thriving, touchless car washes in Denver, Colorado. Located at 2230 S. Monaco St Pkwy and 5440 E. Evans Ave, these properties boast a combined 2,873 square feet on a total lot size of 40,863 square feet. Built in 1986, these strategically positioned car washes benefit from high traffic counts at arterial street intersections within densely populated, high-income neighborhoods experiencing significant growth with recent additions like Carvana, Quick Trip, and 400 new apartments. The South Monaco location features one automatic bay and four self-serve bays, while the East Evans location offers one touchless automatic bay and five self-serve bays. Currently operating at 100% occupancy, these well-maintained properties offer a strong return on investment. The asking price is $4,500,000, with an 8.32% actual cap rate and a projected 58.65% proforma return on capital. A slight increase in wash prices could yield an additional 17% increase in income. This is a rare chance to acquire a stabilized, high-performing portfolio in a rapidly developing area of Denver. The APN for the South Monaco location is 6291-00-108. This is a single-tenancy property.

Highlights

  • Two thriving Denver car washes, totaling 2,873 square feet on a 40,863 square foot lot.
  • Located at 2230 S. Monaco St Pkwy and 5440 E. Evans Ave, in high-traffic, high-income areas.
  • Features a total of one automatic bay and nine self-serve bays; currently 100% occupied.
  • Asking price: $4,500,000, with an 8.32% cap rate and projected 58.65% proforma return on capital.
  • Significant upside potential through minor price increases.

Property Details for 2230 Monaco St Pkwy

Property type
Retail properties
Square Feet
2,873 SF
Year Built
1986

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.67611217
Longitude
-104.91217152
2230 Monaco St Pkwy, Denver, Colorado

FAQs

What type of property is this?
Retail property - High-Profit, Dual-Location Car Wash
Where is the retail property located?
The property is located at 2230 Monaco St Pkwy Denver, CO.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Two thriving Denver car washes, totaling 2,873 square feet on a 40,863 square foot lot.; Located at 2230 S. Monaco St Pkwy and 5440 E. Evans Ave, in high-traffic, high-income areas.; Features a total of one automatic bay and nine self-serve bays; currently 100% occupied.
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2230 Monaco St Pkwy
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