On Broadway Car Wash

This 3-tenant property offering includes a fully staffed owner-operated car wash requiring limited owner involvement. Income from the car wash along with rental income from the two rental spaces create an attractive investment. Located in the highly desirable Forest Lake retail trade area, the underlying and underused real estate makes for an extremely attractive redevelopment opportunity. Area tenants include Home Depot, Chipotle, Walmart Supercenter, Tires Plus, Northern Tool, Perkins, Running Aces Casino, Hotel and Racetrack, and more.CONFIDENTIAL - PLEASE DO NOT APPROACH THE BUSINESS DIRECTLY Available For Sale - Property and Business: • PIDS: 08.032.21.22.0059, 08.032.21.22.0057, 08.032.21.22.0026 and 08.032.21.22.0025 • Building SF: 4,680 • Parcel Area: 1.18 acres 51,596 sf • Year Built: 2001 • Zoning: B2 - Highway Business District • 2017 Tax Cut and Jobs Act allows for up to accelerated depreciation on property improvements for car wash assets. • 2025 Tax: $23,374 • Sale Price: $1,100,000Available For Lease • 780 sf • 555 sf (former coffee shop/drive-thru windows) • Lease Rate: Negotiable Highlights and Features: • In the heart of the business district • Local and regional trade area • Just 2 blocks off I-35 and Forest Lake exit • High traffic counts • Great visibility • 2 access points: West Broadway Avenue and First Avenue NE • Area tenants include Home Depot, Chipotle, Walmart Supercenter, Tires Plus, Northern Tool, Perkins, Running Aces Casino, Hotel and Racetrack, and more Demographics and Traffic Counts: • Average Household Population: 1 mile - 3,223, 3 miles - 12,795, and 5 miles - 21,300 • Average Household Income: 1 mile - $55,528, 3 miles - $77,808, and 5 miles - $78,262 I-35 - 67,590 vpd, and W Broadway Ave - 24,665 vpd