For Sale
$1,750,000

836 7Th StRochester, MN 55901

High-Yield Car Wash in Rochester, MN

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional investment opportunity presents a 7-bay, full self-service car wash located at 836 7th St NW, Rochester, MN 55901. Built in 1979 and renovated in 2003, this 4,320 square foot facility sits on a 0.82-acre lot. The car wash boasts a strong 10% capitalization rate and generates a substantial $275,000 in gross annual income. With seven full self-service bays, it caters to the high daily demand in this thriving Rochester location. The property benefits from extremely strong population metrics within a 3, 5, and 10-mile radius, ensuring continued high occupancy and strong returns. This well-established car wash presents a rare chance to acquire a high-performing asset in a rapidly growing market, offering a secure and profitable investment. The property's consistent performance history and prime location make it an attractive option for discerning investors seeking a stable, high-yield investment in the robust Rochester, Minnesota market. Olmsted County's favorable demographics further enhance the long-term potential of this exceptional car wash business.

Highlights

  • $1,750,000 asking price for this special purpose property.
  • 10% cap rate with $275,000 gross annual income.
  • Seven full self-service bays in a 4,320 square foot building.
  • Located on a 0.82-acre lot at 836 7th St NW, Rochester, MN 55901.
  • Built in 1979, renovated in 2003.

Property Details for 836 7Th St

Property type
Specialty properties, Car washes
Year Built/Renovated
1979/2003
Lot Size (sq. ft)
35,719 SF
Units
7

Location Insight

City
Rochester
County
Olmsted
State
Minnesota
Latitude
44.0303738
Longitude
-92.4752038
836 7Th St, Rochester, Minnesota

FAQs

What type of property is this?
Specialty property - High-Yield Car Wash in Rochester, MN
Where is the specialty property located?
The property is located at 836 7Th St Rochester, MN.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: $1,750,000 asking price for this special purpose property.; 10% cap rate with $275,000 gross annual income.; Seven full self-service bays in a 4,320 square foot building.
How can I contact the broker?
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836 7Th St
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