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The Wash Works Auto Spa & Detail 674 S Highway 92 3,720 SF Retail Building Sierra Vista, AZ 85635 $3,000,000 ($806.45/SF)



Investment Highlights
- ?Operating Business + Fee Simple Real Estate Acquisition
- ?Eligible for 100% Bonus Depreciation, Providing Significant First-Year Tax Benefits
- ?High-Visibility Location Along State Route 92 (±21,239 VPD) Near Fry Boulevard (±17,911 VPD)
- $196,929 Annual NOI at a 7.16% Return on the $2,750,000 Offering Price
- ?Modern ±7,472 SF Facility Built in 2016 with ±100-Foot Wash Tunnel, 6 Detail Bays, and 19 Vacuums
- ?Meaningful Value-Add Potential Through Operational Efficiencies, Membership Growth, and Service Expansion
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire The Wash Works Auto Spa & Detail, an established car wash and auto detail operation along with the underlying fee simple real estate, located at 674 AZ-92 in Sierra Vista, Arizona.? The ±7,472-square-foot facility was built in 2016 on ±0.83 acres and features a ±100-foot wash tunnel, six detail bays, and 19 vacuums, providing multiple diversified revenue streams across car wash, detailing, oil and lube, and automotive services.? The business generates approximately $196,929 in annual NOI, representing a 7.16% return at the $2,750,000 offering price.? The acquisition is eligible for 100% bonus depreciation, providing investors with the potential for significant first-year tax benefits while acquiring both the operating business and the underlying real estate.?
The property is strategically positioned along State Route 92 (±21,239 VPD), one of Sierra Vista's primary commercial corridors, near the signalized intersection with Fry Boulevard (±17,911 VPD).? Adjacent corridor neighbors include Culver's, Tropical Smoothie Cafe, Sherwin-Williams, Ace Hardware, Harbor Freight, Lowe's, and Discount Tire.? The 5-mile trade area supports a population of 46,556 with an average household income of $102,973, bolstered by nearby Fort Huachuca, the largest employer in Cochise County with an estimated $2.4 billion annual economic impact.? Additional demand drivers include Cochise College (3,905 students), the University of Arizona Sierra Vista Campus, and Buena High School (1,715 students).? Meaningful value-add potential exists through operational efficiencies, membership growth, service expansion, and increased customer capture.?
The property is strategically positioned along State Route 92 (±21,239 VPD), one of Sierra Vista's primary commercial corridors, near the signalized intersection with Fry Boulevard (±17,911 VPD).? Adjacent corridor neighbors include Culver's, Tropical Smoothie Cafe, Sherwin-Williams, Ace Hardware, Harbor Freight, Lowe's, and Discount Tire.? The 5-mile trade area supports a population of 46,556 with an average household income of $102,973, bolstered by nearby Fort Huachuca, the largest employer in Cochise County with an estimated $2.4 billion annual economic impact.? Additional demand drivers include Cochise College (3,905 students), the University of Arizona Sierra Vista Campus, and Buena High School (1,715 students).? Meaningful value-add potential exists through operational efficiencies, membership growth, service expansion, and increased customer capture.?
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,720 SF
Building Class
B
Year Built
2006
Price
$3,000,000
Price Per SF
$806.45
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.69 AC
Zoning
GC
Parking
26 Spaces (6.99 Spaces per 1,000 SF Leased)
Frontage
123’ on Highway 92
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- The Wash Works Auto Spa & Detail
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| The Wash Works Auto Spa & Detail | Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 105-05-616D | Improvements Assessment | $156,059 |
| Land Assessment | $17,354 | Total Assessment | $173,413 |
Property Taxes
Parcel Number
105-05-616D
Land Assessment
$17,354
Improvements Assessment
$156,059
Total Assessment
$173,413
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