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Investment Highlights

  • Six high-performing car wash sites under 15-year NNN leases with corporate guarantor.
  • Properties feature a premium mix of self-service and automated wash bays for diversified revenue.
  • Portfolio positioned across Louisville MSA and Southern Indiana growth corridors.

Executive Summary

This rare six-property car wash sale-leaseback portfolio presents a compelling investment opportunity within one of the most active and resilient automotive service sectors in recent years. Anchored by a tenant with consistent year-over-year revenue growth, the portfolio reflects strong operational performance and sustained consumer demand.
Strategically positioned throughout high-demand, mature submarkets within the Louisville MSA, the offering includes fee simple ownership of six well-maintained locations, providing both stability and long-term upside potential. The assets have been owned and professionally managed by experienced operators, resulting in properties that have been meticulously maintained, upgraded, and modernized over time.
Each location features a combination of self-service and automatic wash bays, creating diversified revenue streams and operational flexibility. The car wash industry has continued to demonstrate resilience across economic cycles, supported by recurring customer demand and the affordability of the service.
This offering provides investors with a truly passive ownership opportunity through a sale-leaseback structure with an established and high-performing operator, delivering predictable long-term cash flow and an attractive cap rate.

Property Facts

Price $8,475,000
Price / SF $141.88 / SF
Sale Type Investment NNN
Status Active
Number of Properties 6
Individually For Sale 0
Total Building Size 59,735 SF
Total Land Area 3.08 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
4207 Charlestown Rd, New Albany, IN 47150 Specialty 3,709 SF 2004 -
7610 In-311 Hwy, Sellersburg, IN 47172 Specialty 3,898 SF 1997 -
3028 Poplar Level Rd, Louisville, KY 40217 Specialty 4,006 SF 1998 -
2911 Hikes Ln, Louisville, KY 40218 Specialty 3,509 SF 2007 -
T's Car Wash
6500 Greenwood Dr, Louisville, KY 40258
Specialty 3,231 SF 2015 -
1888 Midland Trl, Shelbyville, KY 40065 Specialty 41,382 SF 2000 -
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  • Listing ID: 40756606

  • Date on Market: 6/2/2026

  • Last Updated:

  • Address: Absolute NNN Car Wash Portfolio, Louisville, KY

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