Greenway Auto Wash

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Greenway Auto Wash

8230 Hall Rd Utica MI Macomb County

Sales Price: $4,995,000

Cap Rate: 6.75%

Contact Person(s): Louis J. Ciotti
Gordon S. Hyde
Jason M. Greenspan

Description:

STRONG OPERATOR

  • Detroit Wash Partners, LLC owns two (2) Greenway Auto Wash locations in Macomb County, Michigan and will be opening several locations in the metro Detroit market in the coming years.
  • The operating group is comprised of four high net worth individuals; all members have strong business acumen, and a proven track record in many different ventures over the span of 50 years. The combined net worth of the partnership is an estimated $150M.
  • Personal financials will be made available on request.

IRREPLACEABLE LOCATION

  • Greenway Auto Wash is situated along Hall Road (87,309 CPD) just off the M-59 expressway.
  • This is the first intersection at a pass-through corner at a lighted intersection.
  • The site has approximately 312 feet of frontage and is on the southeast corner of M-59 & Van Dyke Avenue with monument signage at each access point.
  • There is an easement in place for 2 access points from Hall Road and one from Van Dyke Avenue.
  • Hall Road is the most heavily traveled road in Macomb County.

 

Building Dimensions: 5,071 SF

Lot Size: 1.30 acres

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 9,052 86,513 247,527
Avg. HH Income: $68,989 $81,226 $86,871

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.