BlueWave Car Wash 6849 Albemarle Rd Charlotte NC 28212
Car Wash in Charlotte NC
5,396 SF Building Lot 0.41 Acres Built 1990 Class B
Asking Price: $1.2M
Tenant Renting 3,000 SqFt
10 to 20 Employees
Incorporation Date: 11 January 1990 (about 30 years ago)
Sold for $330,000.00 02/25/2011
Investment or owner-user opportunity for well-known car wash facility located in Charlotte, NC. Blue Wave Express Car Wash generated over $357k in gross sales in 2017 and $368k in 2018.
Please find flash reports demonstrating revenue over the past three years for Blue Wave which is increasing year-over-year for three consecutive years
This year‘s revenue will be higher than the previous
This business is trending upwards in NOI annually for three consecutive years
Cap Rate is 6.19% - 8.14%
Vehicles per day 42,500+
The location is highly visible in an iconic bldg.
high traffic counts
well establish clientele for 20+ years
on valuable land
approx. two miles from the new $100M+ MLS Training Facility being built in ’20 that will positively impact already high traffic volumes.
Fully Operational. It stays closed whenever it’s raining.
The seller is not really motivated to sell b/c he has several other properties all are making money. However, he is closing in on retirement which is reason for selling BW to reduce his work load...
I mention this to provide additional facts and let you know to tour the car wash we must act like customers not to alert staff of pending sale. This is the owners wishes and most likely is the reason BW is still on the market b/c we could not list on public sites or have signage.