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newer 3 bay car wash w/real estate 572 US Route 4 2,460 SF Retail Building Enfield, NH 03748 $1,750,000 ($711.38/SF) 7.05% Cap Rate
INVESTMENT HIGHLIGHTS
- newer operating 3 bay car wash w/real estate. Projected 7% cap.
EXECUTIVE SUMMARY
Car wash 3 automatic touchless drive bays-drive thru. Built 2022. No prior financials avail from prior owner. Projected gross sales $352,000 by industry standards analysis of estimated 22k washes/yr. Net after paying all expense including maintenance and debt service estimated at $123,200. Providing a 7% cap rate. The cost to build & equipment was $2.4M (plus land value). Turnkey sale with real estate. See attached for Equipment list. 1.2 acres. Approximately 400 feet frontage on US RT 4. Excellent visibility. Per NHDOT 7740 VPD avg. in 2024. (average 8%/yr increase). Located across from new Town municipal building. Several major housing projects anticipated nearby. Serviced by town water/sewer. Commuter town to Lebanon Hanover 15 min drive time. Backs up to popular 4 season rail trail. 1 mile to regional mid/high school. 7000 population within 10 minutes
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Business Value Included
Property Type
Building Size
2,460 SF
Building Class
C
Year Built/Renovated
2021/2022
Price
$1,750,000
Price Per SF
$711.38
Cap Rate
7.05%
NOI
$123,300
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.20 AC
Zoning
Commercial - fully approved for car wash.
AMENITIES
- Air Conditioning
ABOUT 572 US ROUTE 4 , ENFIELD, NH 03748
Car wash 3 bays- drive thru overhead wash bays. Built 2022. Projected NOI by owner for 7% cap rate. Turnkey sale with real estate. 1.2 acres. Approximately 400 feet frontage on US RT 4. Per NHDOT 7740 VPD avg. 2024. (average 8%/yr increase). Across from new Town municipal building. Several major housing projects anticipated. Serviced by town water/sewer. Commuter town to Lebanon Hanover 15 min drive time. Backs up to popular 4 season rail trail. 1 mile to regional midgrade/high school. 7000 population within 10 minutes. see attached assessor property card.
PROPERTY TAXES
| Parcel Number | EFLD-000015-000017 | Improvements Assessment | $263,300 |
| Land Assessment | $317,700 | Total Assessment | $581,000 |
PROPERTY TAXES
Parcel Number
EFLD-000015-000017
Land Assessment
$317,700
Improvements Assessment
$263,300
Total Assessment
$581,000
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newer 3 bay car wash w/real estate | 572 US Route 4
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