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Ultra Express
Cutting-edge technology is designed to offer the Ultra car wash experience. All products and streamlined in-wash automation features ensure maximal safety, efficiency, and ease during the wash process.
This property was purchased during the COVID lockdowns. When most businesses were closed, and no buyers existed. We purchased it for a very attractive double digit cap rate. It continues to have very strong cashflow today and values are indicated well above purchase price.
Key Points
TypeRetail
DetailCarwash
CoC Yield 35%
Return/year 185%
Equity Mltpl 6.58X
Resale est. $24.0M
Investment Summary
Initial equity$2,825,000
Purchase price$11,300,000
Debt$8,700,000
Renovations$0
Total cost$11,300,000
Resale price est.$24,000,000.00
Gross profit on resale est.$12,700,000
Number years held1
CoC yield36%
Equity multiple est.6.58X
Appreciation p/year est.149.85%
Return p/year est.185.85%
*Annual return and resale estimates based on a variety of factors such as recent appraisals, current market conditions, cashflow history, location, comparable sales, and other relevant data-points.
