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615 W Ray Rd, Gilbert, AZ, 85233

FRANKIE’S CAR WASH
STARTING BID $400,000

Photos

Highlights

Bidding Starts: 06/09 – 06/11, 2025

INVESTMENT HIGHLIGHTS

  • BELOW REPLACEMENT COSTS: Priced well below replacement costs for todays car wash construction/development costs
  • TURNKEY OPERATIONS: Complete site renovation in 2023 with ~$600K in improvements
  • GROWING MARKET: Projected 7.50% population growth over the next 5 years in a 1 & 3 mile radius of the site
  • MULTIPLE REVENUE STREAMS: Detail and window tint tenants in back produce additional site revenues
  • FLEXIBLE LEASE TERMS: Future upside as both detail and window tint tenants are on month-to-month leases
  • AFFLUENT MARKET: Local household income averages $129K/yr in a 1-mile radius of the site

Location

Agents

Broker of Record

David Harrington

License # CO701910000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251

Key Information

Year Built
2004/R 2023
Type
Retail