144 E Palmdale Boulevard is a 5,359-square-foot newly renovated car wash in Palmdale, CA. The seller invested over $1.1 million to remodel the equipment and building and converted it into an express and full-service car wash. It also features a 100-foot tunnel that operates entirely as an express and ten vacuum stations. This cash-flowing asset also offers over 1,500 recurring members and a 4.6-star rating. There will be approximately 4,500 members in 24 additional months at the current growth rate. 144 E Palmdale Boulevard is an excellent opportunity for an owner-user or investor to add a high-performing car wash to a portfolio.
Additional improvements to the property include a fully remodeled race garage theme with entire interior and exterior paint, stonework, landscaping, restrooms, signage, and a rental garage for tint and wrap. It also includes new, state-of-the-art massage chairs, furniture, fixtures, and electronics. The property includes current branding, website, pylon signage, uniforms, membership platform, square POS system, and security system.
144 E Palmdale Boulevard sits on 0.66-acres of the Chelsea Center, shared with one of the busiest In-N-Out Burger locations in Southern California as a demand driver. The property is accessible and visible from E Palmdale Boulevard, which gets over 31,726 daily vehicles. The property is near national retailers such as Starbucks, Target, Best Buy, The Home Depot and is anchored by Dollar Tree and Dollar General. The asset is in a designated opportunity zone which can offer businesses that invest valuable tax incentives.
The Antelope Valley region sits in the northernmost stretches of Los Angeles County. The population within five miles of the property is 124,925, and the number of daytime employees is 32,673. The median household income is $62,103, with an annual consumer spending for transportation and maintenance of over $329 million. Median home values are at $286,856, with 62% of the population being homeowners. The region’s more affordable cost of living draws many Los Angeles commuters who don’t mind a longer commute.
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