2521 Williams Highway, Grants Pass, OR 97527

Property Description

Well-established coin-operated self-service car wash operating at this location for nearly 30 years. One of only two existing self-service coin car washes in Grants Pass and the only one south of the Rogue River. High-visibility Williams Hwy location with traffic counts approaching 30,000 vehicles per day. Sale includes real estate, improvements, and all FF&E. Major operating equipment was replaced in 2020 as part of approximately $250,000 in capital improvements. Seller/operator will remain under a new 5-year lease with one 5-year renewal option, providing an approximate 5.77% in-place cap rate. Lease also provides expansion rights for a proposed kiosk at $1,200/month additional rent once approved and operational, increasing potential cap rate to approximately 8.00%. C-3 zoning on approximately 0.82 acres.