Property Description
If you’re looking for a hassle free, minimum management investment, look no further than a coin operated car wash business that you can acquire and start collecting money. This property is located on Rymal Road West which is stone throw from Upper James and in close vicinity to car dealerships all around. Rymal road has a car count of 18,500 per day and the property is sandwiched between a Tim Horton’s and Volvo dealerships. The property is located in a busy commercial thoroughfare with ample traffic around and in an area that’s prime for redevelopment in the future.
Investment Highlights:
- Flexible zoning including automotive repair uses
- Located on a busy thoroughfare with a lot of complimentary businesses near by.
- 18,500 car count per day on Rymal Road
- 2 long term tenants with escalating lease agreements in place
- Property renovated in 2019 with new electrical, plumbing, air compressors, hot water tanks and more
- VTB option available for right buyer based on terms offered and OAC
Detailed Financials are included in the video below and copies are available via email for anyone that signs our NDA. Please fill out the form through Request information from the website to connect with me.
Property Information
- Recently SoldProperty Status:
- Plaza, RedevelopmentProperty Type:
- HamiltonNeighborhood:
- $1,299,800/5% cap on existing incomePrice:
- HamiltonCity:
- ONState:
- 3309FT2Property Size:
- 60 x 185 FeetLot Size:
- 1991Year Built:
- 5% on existing Cap Rate:
- 15% IRR 10 Year Hold: