615 W Ray Rd - Car Washes FOR SALE


Gilbert, AZ 85233- South Gilbert
$3,250,000 USD
602-503-0610
615 W Ray Rd, Gilbert, AZ for Sale
$3,250,000 USD
Car Washes - FOR SALE
1/76
null | 6.67% Cap Rate

615 W Ray Rd
Gilbert, AZ 85233
South Gilbert


HIGHLIGHTS

  • Stabilized NNN Investment
  • Modern Express Car Wash Facility
  • Prime Gilbert Location on Ray Rd & Cooper Rd

OVERVIEW

Located in the heart of Gilbert’s thriving Ray Road corridor, this well-maintained express car wash investment at 615 W Ray Rd offers a rare opportunity to acquire a stabilized, tenant-operated asset in a high-traffic retail and residential trade area. The property features a 100-foot express wash tunnel designed for speed and convenience, supported by three automated credit card kiosks with license plate recognition at the entrance and a covered canopy at both the entry and tunnel exit for efficient vehicle flow and customer comfort. The main structure includes approximately 3,400 square feet of interior space, featuring three dedicated detail bays that complement the express wash operations. The site is equipped with 12 vacuum stations and modern tunnel equipment, both less than three years old and certified, ensuring reliable performance and minimal near-term capital requirements. The property sits on 1.7 acres and also includes a separate auto service building with two detail bays and underground access with storage, occupied by an additional tenant. Both buildings are tenant-operated under long-term 10-year leases, providing stable income through triple-net (NNN) structures, where tenants are responsible for operating expenses. The asset has undergone extensive upgrades and renovations completed between late 2025 and early 2026, including a new roof, new HVAC systems and swamp coolers, updated plumbing and fixtures, fresh exterior paint, new windows, and a newly paved lot. The site is professionally maintained with regularly serviced gutters and drainage infrastructure. Positioned between Ray Road and Cooper Road, the property benefits from strong daily traffic counts and a dense mix of surrounding residential neighborhoods and commercial amenities. With modern equipment, recent capital improvements, and committed operators who take pride in their service, this offering represents a turn-key, low-management investment opportunity in one of Gilbert’s most active retail corridors.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$755 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

C-C

APN/PARCEL ID

302-83-962

ASK ABOUT THIS PROPERTY

Ahmad SougharThe Firm REMore Info
602-503-0610

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Ahmad SougharThe Firm REMore Info
602-503-0610

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