4101 Credit Union Dr - Car Washes FOR SALE


Anchorage, AK 99503- Midtown Anchorage
$55,755,000 USD
415-302-6498
4101 Credit Union Dr, Anchorage, AK for Sale
$55,755,000 USD
Car Washes - FOR SALE
1/8
null | 6.75% Cap Rate

4101 Credit Union Dr
Anchorage, AK 99503
Midtown Anchorage


HIGHLIGHTS

  • Sudzy Salmon Car Wash | Premier Market-Dominant Operator
  • 20 Year Absolute NNN Sale-Leaseback with 2.00% Annual Rent Increases
  • Ideal Climate for Robust Car Wash Demand
  • Accelerated & Bonus Depreciation Eligible
  • High Performance Locations | Exceptional Rent Coverage
  • High-Barrier-to-Entry Market

OVERVIEW

Sudzy Salmon Car Wash is the leading express-tunnel car wash operator in Alaska and the only scaled platform serving the Anchorage metropolitan area—home to ~400,000 residents, representing 50% of the state’s population. The portfolio includes six newly built or recently remodeled express tunnels across Anchorage, Eagle River, Palmer, and Wasilla, with a seventh development ready site. Each property is positioned along major, high-traffic commuter corridors with daily counts ranging from ±12,900 to ±36,400 vehicles per day and benefits from Alaska’s optimal car-wash climate, characterized by heavy snowfall, freeze-thaw cycles, and year-round road grime that drives consistent wash demand. The portfolio will be offered under a single, long-term absolute NNN master lease, backed by Sudzy Salmon Car Wash Operations, LLC. The tenant exhibits strong financial performance, robust subscription-based recurring revenue, and proven wash volumes that significantly exceed typical market averages. Two locations include sub-leased Three Bears/Shell C-store and fuel pads, adding tenancy diversification and credit enhancement. This portfolio represents a rare opportunity to acquire best-in-class express wash assets in a high-barrier-to-entry market with exceptional long-term growth potential. BOR: Kristen Zimmerman AK #168937

FOR SALE DETAILS

PRICE

$55,755,000 USD

PRICE/SF

$3,950 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sudzy Salmon Car Wash Portfolio

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

ADD'L SUBTYPES

Car Wash

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.38 AC

LAND SF

103,673 SF

ZONING

I1

APN/PARCEL ID

00914142000

ASK ABOUT THIS PROPERTY

Scott ScurichArsenal Real Estate AdvisorsMore Info
415-302-6498

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Scott ScurichArsenal Real Estate AdvisorsMore Info
415-302-6498

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