For Sale
$2,700,000

44510 Edison RdMaricopa, AZ 85138

High-Yield Car Wash, Arizona

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a thriving car wash in Maricopa, Arizona. Built in 2019, the 5,350 square foot facility sits on a 30,056 square foot lot and boasts a strong 5.48% cap rate, generating a net operating income (NOI) of $148,055.56. The property features a 15-year remaining lease term (part of a 20-year absolute NNN lease) with a reputable tenant, Brakes Plus, and includes four 5-year options with 10% rent increases. The lease also provides for 10% rent increases every 5 years. Located on W. Edison Rd, the car wash benefits from excellent visibility and high traffic counts on nearby major roadways (W. Edison Rd, John Wayne Pkwy, and N. Maricopa Rd). Ample parking is available with 21 assigned spaces plus additional open parking. This single-tenant property is situated in a rapidly growing area, with Maricopa experiencing significant population growth. The strong tenant, favorable lease terms, and prime location make this a compelling investment opportunity with significant potential for long-term returns. The property's exceptional financial performance and strategic location in a high-growth market position it for continued success. This is a rare chance to acquire a well-established, high-performing car wash in a booming Arizona market.

Highlights

  • $2,700,000 asking price for this 5,350 SF car wash in Maricopa, AZ.
  • NNN lease with 15 years remaining on a 20-year term, featuring 10% rent increases every 5 years and four 5-year options.
  • Strong NOI of $148,055.56, resulting in a 5.48% cap rate.
  • Built in 2019, situated on a 30,056 SF lot with 21 assigned parking spaces plus additional open parking.
  • Excellent visibility and location in a high-growth area; Maricopa is one of the fastest-growing cities in the nation.

Property Details for 44510 Edison Rd

Property type
Specialty properties, Retail properties
Square Feet
5,350 SF
Year Built
2019

Location Insight

City
Maricopa
County
Pinal
State
Arizona
Latitude
33.0654579
Longitude
-112.0463798
44510 Edison Rd, Maricopa, Arizona

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44510 Edison Rd
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