4120 Veterans Memorial Dr - Car Washes FOR SALE


Batavia, NY 14020 | 
$4,431,763 USD
949-431-2735
4120 Veterans Memorial Dr, Batavia, NY for Sale
$4,431,763 USD
Car Washes - FOR SALE
1/3
null | 5.9% Cap Rate

4120 Veterans Memorial Dr
Batavia, NY 14020


HIGHLIGHTS

  • Tremendous Sales Volume Location
  • Rare, New York Express Wash Opportunity
  • 100% Bonus Depreciation

OVERVIEW

• Single Tenant Splash Car Wash Sale-Leaseback: ° Corporately guaranteed lease by Splash Car Wash ° Absolute NNN Lease with zero landlord responsibilities ° 20-year initial lease term with four 5-year options ° 1.50% annual increases during primary term and options • About Splash Car Wash: ° 80+ locations across the Northeastern United States: CT, MA, NY, VT ° Private equity backed by multi-billion dollar firm, AEA Investors (More Info) ° 40+ years in-business employing 1,000+ & washing 1MM+ cars per year ° Rapidly expanding through acquisitions and greenfield development, with a targeted footprint of 200+ locations by 2030 • Bonus Depreciation: Property qualifies for 100% bonus depreciation on carwash improvements (contact for more info) ° “Big Beautiful Bill” included the reset of bonus depreciation to 100% for 2025 and beyond • Tremendous Sales Volume location with excellent EBITDAR/Rent Coverage (contact broker for more information) • Rare, New York Express Wash Investment Opportunity • Minimal direct competition within a 3-mi radius & positioned within a market dominated by Splash Car Wash • Batavia Downs Gaming & Hotel: The Area’s Premier Entertainment Destination sits directly behind the site providing supplemental daily traffic through the wash • Extremely healthy traffic counts with 21,000+ cars crossing the site daily • Strong nearby population affluence featuring $91,000+ Average Household Incomes • Positioned in the Primary Retail Corridor of Batavia w/ Excellent Retail Synergy: ° Adjacent to nationally recognized retailers Starbucks, AutoZone, Five Guys, & Chipotle ° Nearby big-box retailers include Walmart, BJ’s Wholesale, Home Depot, Target, Petco, & Kohl’s • Batavia, NY: County Seat of Genesee County

FOR SALE DETAILS

PRICE

$4,431,763 USD

PRICE/SF

$1,661 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Splash Car Wash Sale-Leaseback

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

-

APN/PARCEL ID

182400-008-000-0001-017-122

ASK ABOUT THIS PROPERTY

Austin BlodgettRealSource GroupMore Info
949-431-2735

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Austin BlodgettRealSource GroupMore Info
949-431-2735

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