2870 N Townsend Ave - Car Washes FOR SALE


Montrose, CO 81401
$2,850,000 USD
970-249-5001
2870 N Townsend Ave, Montrose, CO for Sale
$2,850,000 USD
Car Washes - FOR SALE
1/27
null | 7% Cap Rate

2870 N Townsend Ave
Montrose, CO 81401


OVERVIEW

Large Truck and RV Wash on N Townsend Corridor Situated on a 2.854-acre (MOL) lot, this large ~9,200 sq. ft. Truck, RV, and car wash offers a service unique in the area in a highly desirable location close to the Airport. Featuring three bays capable of handling Semi Trucks, the building also offers a detailing shop, office, reception area, and staging area for all washing pumps and machinery. With high visibility from the highway and ~25,000 daily traffic count, the property epitomizes the desirable N Townsend Ave/N Hwy 50 corridor. The property is zoned B-3 ‘General Commercial’ in the City of Montrose. As an owner lease back, the Seller, Co West Transportation/Telluride Express, is offering a 10-year lease at a 7.0% CAP rate, with four 5-year options and a 12% escalator applied to the base rent at every extension. The lease will be Pure Triple-Net, with the seller covering all costs associated with the building, including all utilities, building insurance, and taxes.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$269 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Wash - Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.85 AC

LAND SF

124,146 SF

ZONING

B3

APN/PARCEL ID

R0017408

ASK ABOUT THIS PROPERTY

John RenfrowRenfrow RealtyMore Info
970-249-5001

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John RenfrowRenfrow RealtyMore Info
970-249-5001

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