1380 Yadkinville Road
1380 Yadkinville Road Mocksville NC 27028
- Price$1,625,000
- Acres1.081
This offering is a special opportunity to own a well-established car wash on Yadkinville Road (21,000 VPD) in a growing Mocksville, NC – located in a dense retail corridor only 0.5 miles from I-40.
Mocksville Auto Pride Car Wash features 2 in-bay automatic systems (1 touch free, 1 soft cloth), 3 vacuums, 1 shampoo vacuum, 2 changers, and on-site vending. Utility pole LED lighting and 21 security cameras cover the 1.081 acre fenced and landscaped lot, which includes a separate office and storage shed with spare equipment that conveys with the sale.
This high-performing site has operated for 25 years and consistently produces gross revenue over $300,000. This investment offers a turnkey business producing great day one yield, as well as huge upside with offering memberships, adding an ice machine, or potentially expanding with self-serve/hand wash options.
Details
Property Information
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Property Type
Retail
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Acres
1.08
Pricing & Terms
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Price
$1,625,000
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NOI
$185,191 (actual), $155,791 (adjusted)
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Cap Rate (Actual)
9.58%
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Comments
This offering is a special opportunity to own a well-established car wash on Yadkinville Road (21,000 VPD) in a growing Mocksville, NC – located in a dense retail corridor only 0.5 miles from I-40. Mocksville Auto Pride Car Wash features 2 in-bay automatic systems (1 touch free, 1 soft cloth), 3 vacuums, 1 shampoo vacuum, 2 changers, and on-site vending. Utility pole LED lighting and 21 security cameras cover the 1.081 acre fenced and landscaped lot, which includes a separate office and storage shed with spare equipment that conveys with the sale. This high-performing site has operated for 25 years and consistently produces gross revenue over $300,000. This investment offers a turnkey business producing great day one yield, as well as huge upside with offering memberships, adding an ice machine, or potentially expanding with self-serve/hand wash options.