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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
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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
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Reflections Car Wash | 711 Saybrook Rd
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