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15625 S 32nd St - Soak + Shine Auto & Pet Wash 2,002 SF Specialty Building Offered at $3,737,000 at a 6.75% Cap Rate in Phoenix, AZ 85048
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Absolute Triple-Net (NNN) Lease
- Full Renovation Completed in 2022-Conveyor-Style Car Wash w/ Full Detailing Service, 5-Bay Self-Serve Car Wash, Self-Serve Pet Wash, 8 Vacuum Stations
- 122,126 Residents within a 5-Mile Radius - Growing Trade Area in the Ahwatukee Foothills Community
- 2% Annual Rental Increases with Multiple Renewal Options
- Qualifies for 100% Bonus/Accelerated Depreciation
- Affluent Trade Area - $148,000 Average Household Income in the Immediate Area
EXECUTIVE SUMMARY
Soak + Shine Auto and Pet Wash is revolutionizing the car wash experience by offering a state-of-the-art automatic tunnel, self-serve car wash bays, and self-serve pet wash systems. Five new self-serve wash bays are also available, open 24/7 and offering every available option in self-serve washing. The pet wash station allows patrons to wash, disinfect, shampoo, condition, and blow dry, all in one convenient station. Also open 24/7, the pet wash station is the convenient way to pamper pets.
The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th largest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.
The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th largest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.
PROPERTY FACTS
| Price | $3,737,000 | Building Class | B |
| Price Per SF | $1,866.63 | Lot Size | 0.88 AC |
| Sale Type | Investment | Building Size | 2,002 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1996/2022 |
| Property Subtype | Car Wash | ||
| Zoning | C-2 - Commercial | ||
| Price | $3,737,000 |
| Price Per SF | $1,866.63 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.88 AC |
| Building Size | 2,002 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1996/2022 |
| Zoning | C-2 - Commercial |
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 306-02-848 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $178,200 |
PROPERTY TAXES
Parcel Number
306-02-848
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$178,200
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15625 S 32nd St - Soak + Shine Auto & Pet Wash
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