Log In/Sign Up
Your email has been sent.
2870 N Townsend Ave - The Wash - Car Wash 10,613 SF Specialty Building Offered at $2,850,000 at a 7% Cap Rate in Montrose, CO 81401
Executive Summary
Large Truck and RV Wash on N Townsend Corridor
Situated on a 2.854-acre (MOL) lot, this large ~9,200 sq. ft. Truck, RV, and car wash offers a service unique in the
area in a highly desirable location close to the Airport. Featuring three bays capable of handling Semi Trucks, the
building also offers a detailing shop, office, reception area, and staging area for all washing pumps and
machinery. With high visibility from the highway and ~25,000 daily traffic count, the property epitomizes the
desirable N Townsend Ave/N Hwy 50 corridor. The property is zoned B-3 ‘General Commercial’ in the City of
Montrose. As an owner lease back, the Seller, Co West Transportation/Telluride Express, is offering a 10-year
lease at a 7.0% CAP rate, with four 5-year options and a 12% escalator applied to the base rent at every
extension. The lease will be Pure Triple-Net, with the seller covering all costs associated with the building,
including all utilities, building insurance, and taxes.
Situated on a 2.854-acre (MOL) lot, this large ~9,200 sq. ft. Truck, RV, and car wash offers a service unique in the
area in a highly desirable location close to the Airport. Featuring three bays capable of handling Semi Trucks, the
building also offers a detailing shop, office, reception area, and staging area for all washing pumps and
machinery. With high visibility from the highway and ~25,000 daily traffic count, the property epitomizes the
desirable N Townsend Ave/N Hwy 50 corridor. The property is zoned B-3 ‘General Commercial’ in the City of
Montrose. As an owner lease back, the Seller, Co West Transportation/Telluride Express, is offering a 10-year
lease at a 7.0% CAP rate, with four 5-year options and a 12% escalator applied to the base rent at every
extension. The lease will be Pure Triple-Net, with the seller covering all costs associated with the building,
including all utilities, building insurance, and taxes.
Property Facts
| Price | $2,850,000 | Building Class | B |
| Price Per SF | $309.78 | Lot Size | 2.85 AC |
| Sale Type | Investment | Building Size | 9,200 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Sale Condition | Sale Leaseback | Year Built/Renovated | 2004/2007 |
| Property Type | Specialty | Tenancy | Single |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Zoning | B3 | ||
| Price | $2,850,000 |
| Price Per SF | $309.78 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Sale Condition | Sale Leaseback |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 2.85 AC |
| Building Size | 9,200 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2004/2007 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
| Zoning | B3 |
1 1
Property Taxes
| Parcel Number | R0017408 | Improvements Assessment | $225,680 |
| Land Assessment | $89,840 | Total Assessment | $315,520 |
Property Taxes
Parcel Number
R0017408
Land Assessment
$89,840
Improvements Assessment
$225,680
Total Assessment
$315,520
1 of 28
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2870 N Townsend Ave - The Wash - Car Wash
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.