Log In/Sign Up
Your email has been sent.
Reflections Car Wash 711 Saybrook Rd 3,100 SF 100% Leased Retail Building Middletown, CT 06457 $700,000 ($225.81/SF) 12.88% Cap Rate
Investment Highlights
- Prime Corner Location: Hard-corner site on ±0.5 acres with strong access and ±8,300 VPD for consistent visibility.
- Value-Add Upside: Potential to add an automatic bay and launch a membership program to increase revenue.
- Strong Financials: $91K 2024 NOI with ~$89K projected in 2025 at a $700K list price.
- Growing Trade Area: Expanding Middletown corridor with rising residential density and strong plaza-driven cross-traffic.
- Modern Equipment: Equipped with a 2015 Belanger Saber touchless system and updated self-serve bays.
- Established Operation: 21-year operating history with no on-site employees, demonstrating efficiency and scalability.
Executive Summary
Broker of Record
Kyle Matthews
License # REB.0790986 (CT)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # REB.0790986 (CT)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
3,100 SF
Year Built
2005
Price
$700,000
Price Per SF
$225.81
Cap Rate
12.88%
NOI
$90,191
Percent Leased
100%
Building Height
1 Story
Building FAR
0.14
Lot Size
0.50 AC
Property Taxes
| Parcel Number | MTWN-000043-000000-000412 | Improvements Assessment | $1,637,130 |
| Land Assessment | $998,620 | Total Assessment | $2,635,750 |
Property Taxes
Parcel Number
MTWN-000043-000000-000412
Land Assessment
$998,620
Improvements Assessment
$1,637,130
Total Assessment
$2,635,750
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Reflections Car Wash | 711 Saybrook Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.