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SVN | BLACKSTREAM | 18 SOUTH PACK SQUARE, ASHEVILLE, NC 28801 SALE PROPOSAL
CAR CRAZY CARWASHES200 CARL ELLER RD.MARS HILL, NC 28754
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
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
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
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.
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
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
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
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
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
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
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
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
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
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
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
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
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
18 South Pack SquareAsheville, NC 28801T 828.774.5535C 828.460.9529bill.steig@svn.comNC #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
18 South Pack SquareAsheville, NC 28801
828.774.5535svnblackstream.com
All SVN® Offices Independently Owned & Operated | 2018 All Right Reserved
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