2525 Old North Gate Rd - Car Washes FOR SALE


Colorado Springs, CO 80921- Flying Horse Ranch
$3,197,000 USD
415-690-5522
2525 Old North Gate Rd, Colorado Springs, CO for Sale
$3,197,000 USD
Car Washes - FOR SALE
1/7
null | 5.85% Cap Rate

2525 Old North Gate Rd
Colorado Springs, CO 80921
Flying Horse Ranch


HIGHLIGHTS

  • New 20-year absolute NNN ground lease to Club Car Wash (backed by Wildcat Asset Management), a subscription-based, express car wash chain.
  • Club Car Wash was acquired in 2019 by Wildcat Asset Management ($4.6B in assets under management).
  • 10% rental increases every five (5) years in initial term and four (4) option periods of five years each, ensuring consistent income growth.
  • Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
  • Founded in 2006 and headquartered in Columbia, Missouri, Club Car Wash operates over 215 locations with another 55+ under development.

OVERVIEW

This Club Car Wash sits at the four-way intersection of North Gate Boulevard and Roller Coaster Road, a location that offers both high visibility and easy access. Since its founding in 2006 in Columbia, Missouri, Club Car Wash has grown to operate over 215 locations, with more than 55 additional sites under development, reflecting a proven and expanding brand. The surrounding area is thriving, with a five-mile radius serving a population of 72,133 and an average annual household income of $247,520 within just one mile. The property itself is an outparcel to a King Soopers (Kroger)-anchored multi-tenant shopping center, surrounded by major national retailers, creating a vibrant commercial hub that draws both local residents and visitors. Located near State Route 83, which sees 17,000 vehicles daily, and Interstate 25, carrying 111,000 vehicles, the car wash captures significant local and commuter traffic. With population and income projected to rise steadily over the next five years, this Club Car Wash is positioned not just as a convenient service point, but as a long-term growth opportunity in the Colorado Springs market.

FOR SALE DETAILS

PRICE

$3,197,000 USD

PRICE/SF

$2,131 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Club Car Wash Ground Lease

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

Commercial

APN/PARCEL ID

62044-11-002

ASK ABOUT THIS PROPERTY

Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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Vincent AicaleCushman & WakefieldMore Info
415-690-5522

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.