3915 Oleander Dr - Car Washes FOR SALE


Wilmington, NC 28403
$6,800,000 USD
3915 Oleander Dr, Wilmington, NC for Sale
$6,800,000 USD
Car Washes - FOR SALE
1/3
null | Request Cap Rate

3915 Oleander Dr
Wilmington, NC 28403


HIGHLIGHTS

  • Prime Retail Location
  • Strong Demographics | Expected 9% Population Growth | AHHI $83K
  • Prime Visibility Off of Oleander Dr | ±31,000 VPD | Thoroughfare to Downtown Wilmington
  • Wilmington, NC | Popular Tourist Destination | $1.1B in Visitor Spending 
  • Rapid Industry Growth | 72% of Drivers Use Professional Car Washing Services
  • Eligible for Accelerated Depreciation & 100% Bonus Depreciation

OVERVIEW

Northmarq is pleased to present a rare opportunity for qualified investors to acquire a fee simple express car wash, inclusive of both the business and real estate, located in Wilmington, North Carolina. This investment is positioned along Oleander Drive, a high-traffic corridor with ±31,000 VPD, and benefits from strong demographics including over 78,000 residents within 3 miles and an average household income of $83,250. Additionally, fee simple car wash properties may qualify for accelerated depreciation and a bonus depreciation benefit (investors should consult their tax professional for details).

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$1,133 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tommy's Express Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

CB,COMMUNI

APN/PARCEL ID

R05518-023-002-000

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