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SVN | BLACKSTREAM | 18 SOUTH PACK SQUARE, ASHEVILLE, NC 28801 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC 28754
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Page 1: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

SVN | BLACKSTREAM | 18 SOUTH PACK SQUARE, ASHEVILLE, NC 28801 SALE PROPOSAL

CAR CRAZY CARWASHES200 CARL ELLER RD.MARS HILL, NC 28754

Page 2: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

SALE PROPOSALCAR CRAZY CAR WASHES | 200 CARL ELLER RD., MARS HILL, NC 28754

CAR CRAZY CARWASHES200 CARL ELLER RD.MARS HILL, NC 28754

Prepared for

Brian RamseyPresident/CEO

Bill SteigerwaldAdvisor828.774.5535

Presented by

05 June 2018

Page 3: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

PROPERTY INFORMATION 4Property SummaryComplete HighlightsAdditional PhotosRegional MapLocation MapsAerial Map

FINANCIAL ANALYSIS 11Financial SummaryIncome & ExpensesSale Comps SummarySale Comps MapDemographics ReportDemographics MapAdvisor Bio & Contact 1Back Page

SALE PROPOSALCAR CRAZY CAR WASHES | 200 CARL ELLER RD., MARS HILL, NC 28754

Page 4: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

1 PROPERTYINFORMATION

200 Carl Eller Rd.Mars Hill, NC 28754

CAR CRAZY CAR WASHES | 200 CARL ELLER RD. MARS HILL, NC 28754 SVN | BlackStream | Page 4

Page 5: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

OFFERING SUMMARY

Sale Price: $1,695,000

Cap Rate: 7.96%

NOI: $135,000

Lot Size: 1 Acres

Building Size: 2,083 SF

Zoning: Commercial R - A

Market: Mars Hill

Price / SF: $813.73

Two well-located and expertly maintained automatic car washes, in nearby towns. (Mars Hill and Burnsville, NC) (Mars Hillhas one automatic wash bay and four bays with wands - Burnsville has two automatic wash bays.) Each are excellentinvestments and stable producers, requiring minimal management.

PROPERTY OVERVIEW

LOCATION

• Located on the primary road connecting I-26 and downtown Mars Hill, three blocks from Main St. Across the road fromthe town's grocery store and alongside multiple businesses.

• [Burnsville location is on the US 19E Bypass 1/2 mile from town center, with street frontage on W. Main as well as thehighway.]

Property Summary

CAR CRAZY CAR WASHES | 200 CARL ELLER RD. MARS HILL, NC 28754 SVN | BlackStream | Page 5All SVN® offices are independently owned and operated.

Page 6: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

CAR CRAZY CAR WASHES | 200 CARL ELLER RD. MARS HILL, NC 28754 SVN | BlackStream | Page 6All SVN® offices are independently owned and operated.

LOCATED ON THE PRIMARY ROAD CONNECTING I-26 AND DOWNTOWN

MARS HILL, THREE BLOCKS FROM MAIN ST. ACROSS THE ROAD FROM THE

TOWN'S GROCERY STORE AND ALONGSIDE MULTIPLE

BUSINESSES.

SALE HIGHLIGHTS

• Businesses sold together, or Burnsville alone (separate brochure available)

• Seller financing possible with substantial downpayment

• Estimated 8% cap rate

• Built in 2007 and 2009, well-established

• Strong property appreciation potential

• Cash on cash positive investment with bank financing

• City utilities

• Pro forma available

Complete Highlights

Page 7: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

CAR CRAZY CAR WASHES | 200 CARL ELLER RD. MARS HILL, NC 28754 SVN | BlackStream | Page 7All SVN® offices are independently owned and operated.

Additional Photos

Page 8: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

CAR CRAZY CAR WASHES | 200 CARL ELLER RD. MARS HILL, NC 28754 SVN | BlackStream | Page 8All SVN® offices are independently owned and operated.

Car Crazy Car Washes

Regional Map

Page 9: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

CAR CRAZY CAR WASHES | 200 CARL ELLER RD. MARS HILL, NC 28754 SVN | BlackStream | Page 9All SVN® offices are independently owned and operated.

Location Maps

Page 10: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

CAR CRAZY CAR WASHES | 200 CARL ELLER RD. MARS HILL, NC 28754 SVN | BlackStream | Page 10All SVN® offices are independently owned and operated.

Car Crazy Car Washes

Aerial Map

Page 11: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

2 FINANCIALANALYSIS

200 Carl Eller Rd.Mars Hill, NC 28754

CAR CRAZY CAR WASHES | 200 CARL ELLER RD. MARS HILL, NC 28754 SVN | BlackStream | Page 11

Page 12: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

CAR CRAZY CAR WASHES | 200 CARL ELLER RD. MARS HILL, NC 28754 SVN | BlackStream | Page 12All SVN® offices are independently owned and operated.

INVESTMENT OVERVIEW CAR CRAZY - MARS HILL AND BURNSVILLE

Price $1,695,000Price per SF $813.73CAP Rate 8.0%Cash-on-Cash Return (yr 1) 2%Total Return (yr 1) -Debt Coverage Ratio -

OPERATING DATA CAR CRAZY - MARS HILL AND BURNSVILLE

Gross Scheduled Income -Other Income -Total Scheduled Income -Vacancy Cost -Gross Income -Operating Expenses -Net Operating Income $135,000Pre-Tax Cash Flow -

FINANCING DATA CAR CRAZY - MARS HILL AND BURNSVILLE

Down Payment $847,500Loan Amount $847,500Debt ServiceDebt Service Monthly $5081.19

Financial Summary

Page 13: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

CAR CRAZY CAR WASHES | 200 CARL ELLER RD. MARS HILL, NC 28754 SVN | BlackStream | Page 13All SVN® offices are independently owned and operated.

INVESTMENT OVERVIEW

CAR CRAZY - MARS

HILL AND BURNSVILLE

Pay off at five years -

Financial Summary

Page 14: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

CAR CRAZY CAR WASHES | 200 CARL ELLER RD. MARS HILL, NC 28754 SVN | BlackStream | Page 14All SVN® offices are independently owned and operated.

INCOME SUMMARY CAR CRAZY - MARS HILL AND BURNSVILLE PER SF

Gross Income - -

EXPENSE SUMMARY CAR CRAZY - MARS HILL AND BURNSVILLE PER SF

Gross Expenses - -

Net Operating Income $135,000 $64.81

Income & Expenses

Page 15: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

CAR CRAZY CAR WASHES | 200 CARL ELLER RD. MARS HILL, NC 28754 SVN | BlackStream | Page 15All SVN® offices are independently owned and operated.

1

SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS

Car Crazy Car Washes200 Carl Eller Rd.Mars Hill, NC 28754

$1,695,000 2,083 SF $813.73 7.96% -

SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE

Gorilla Car Wash125 Tunnel Rd.Asheville, NC 28805

$890,000 4,325 SF $205.78 - 1 05/25/2011

PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE

Totals/Averages $890,000 4,325 SF $205.78 - 1

Sale Comps Summary

Page 16: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

200 Carl Eller Rd., Mars Hill, NC 28754SUBJECT PROPERTY

1 125 Tunnel Rd.Asheville, NC 28805

GORILLA CAR WASH

CAR CRAZY CAR WASHES | 200 CARL ELLER RD. MARS HILL, NC 28754 SVN | BlackStream | Page 16All SVN® offices are independently owned and operated.

Sale Comps Map

Page 17: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

CAR CRAZY CAR WASHES | 200 CARL ELLER RD. MARS HILL, NC 28754 SVN | BlackStream | Page 17All SVN® offices are independently owned and operated.

1 MILE 5 MILES 10 MILES

Total population 474 9,705 37,463

Median age 40.3 40.8 42.9

Median age (male) 37.2 38.6 40.8

Median age (female) 42.7 42.4 44.5

Total households 160 3,482 14,609

Total persons per HH 3.0 2.8 2.6

Average HH income $50,956 $53,236 $56,484

Average house value $211,111 $265,016

* Demographic data derived from 2010 US Census

Demographics Report

Page 18: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

CAR CRAZY CAR WASHES | 200 CARL ELLER RD. MARS HILL, NC 28754 SVN | BlackStream | Page 18All SVN® offices are independently owned and operated.

POPULATION 1 MILE 5 MILES 10 MILES

Total population 474 9,705 37,463

Median age 40.3 40.8 42.9

Median age (male) 37.2 38.6 40.8

Median age (Female) 42.7 42.4 44.5

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 160 3,482 14,609

# of persons per HH 3.0 2.8 2.6

Average HH income $50,956 $53,236 $56,484

Average house value $211,111 $265,016

* Demographic data derived from 2010 US Census

Demographics Map

Page 19: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

18 South Pack SquareAsheville, NC 28801T 828.774.5535C [email protected] #290959

PROFESSIONAL BACKGROUND

Steigerwald is a commercial real estate broker in the Asheville, NC office with a focus on industrial and value-added property in South Slope, River Arts and West

Asheville; hotels across WNC; and development land. As a former business owner, he is extremely resourceful and marketing savvy with a talent for positioning

and prospecting. His strong networking activities keep him apprised of activities all over Asheville, and north into Madison and Yancey counties. He also has a

strong knowledge of building and site/space usage

Steigerwald grew up in Raleigh, graduated from UNC-Chapel Hill, then lived in several places along the East Coast and the Gulf Coast before settling in western

NC, his lifelong dream. His interests include renewable energy, green building, and design of all types. He is an avid outdoorsman, traveler, and woodworker.

Specialties

Sale - Corporate Sales

Sale - Hospitality

Sale - Industrial

Sale - Land

Sale - Office

Lease - Industrial

Lease – Office

Product Council - Hospitality

Product Council - Industrial

Product Council – Medical Office

EDUCATION

Bachelor of Science in Business Adminstration - UNC-Chapel Hill

Certified Real Estate Broker - Crumbie Trull School of Real Estate - Asheville, NC

Certified, Solar Energy Design and Technical Sales - Solar Energy Intl. - CO

MEMBERSHIPS & AFFILIATIONS

Asheville Area Chamber of Commerce

Commercial Investment Realtors Assoc. (WNC)

BILL STEIGERWALD

Advisor

CAR CRAZY CAR WASHES | 200 CARL ELLER RD. MARS HILL, NC 28754 SVN | BlackStream | Page 19All SVN® offices are independently owned and operated.

Advisor Info

Page 20: CAR CRAZY CAR WASHES - images3.loopnet.com€¦ · CAR CRAZY CAR WASHES |200 CARL ELLER RD., MARS HILL, NC 28754 SALE PROPOSAL CAR CRAZY CAR WASHES 200 CARL ELLER RD. MARS HILL, NC

18 South Pack SquareAsheville, NC 28801

828.774.5535svnblackstream.com

All SVN® Offices Independently Owned & Operated | 2018 All Right Reserved


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