South Corona Auto Spa

Corona, CA (Riverside County)

South Corona Auto Spa
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Asking Price: $9,995,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $0

Inventory: N/A

Real Estate: N/A

Established: 2004

South Corona Auto Spa

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Business Description

Flex Car Wash (Owner/User) | Prime So. Cal. Location | $9.995M

Faris Lee Investments is pleased to offer for sale, the rare opportunity to acquire the business and real estate for South Corona Auto Spa, a highly successful Southern California flex car wash located in the heart of Corona, CA. In 2018, the site was converted from a full-service operation to a flex car wash. The seller purchased approximately $500,000 of tunnel equipment from Bellinger, and also added a pay station along with a gate to one of the vacuum lanes for express customers. There are currently 4 self-serve vacuum stalls for the express customers with plenty of space to add more.

The property is ideally situated at the busy on/off ramp of the I-15 Freeway (over 150,000 vehicles per day) and E. Ontario Avenue which is one of the most highly trafficked retail corridors in the city. The car wash was built in 2004 and has enjoyed over 16 consecutive years of operations with limited competition in the area.

The site is well positioned in the middle of a large shopping hub, making it an ideal car wash destination and draw for customers. National credit tenants surrounding the site include: Sam’s Club, Home Depot, Walmart, Albertson’s, LA Fitness, and In-N-Out to name a few, which together create a robust shopping environment providing plenty of tenant synergy and cross-over shopping between all the tenants.

This major retail center dominates the trade area, while also drawing consumers from the nearby communities. There are over 207,000 people with an additional 78,000 daytime workers within a 5-mile radius of the subject property, with an average household income in excess of $110,000. This is a once in a lifetime investment opportunity for an operator/investor, who is ready to take over a historically high performing car wash business, located within one of the most dynamic and busy retail shopping hubs in the trade area, evidenced again by the strong presence of national tenants directly surrounding the site, and the reliable historical sales at this particular location.

*Do Not Disturb the Tenant. This is a highly successful business & real estate opportunity. Please call and/or email the Listing Agents to schedule any site tours. Also, a Non-Disclosure Agreement must be signed prior to reviewing the Profit and Loss statements, please contact Listing Agent as well to receive a copy of the NDA.

Attached Documents


Detailed Information

Location:
Corona, CA
Real Estate:
Owned
Building SF:
10,557
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Business Location


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Business Listed By:
Tom Chichester

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Ad#:1766815

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