Property Description

Great opportunity to acquire a turnkey, income-producing car wash located at 1729 E. Riverside Blvd. in Rockford, Illinois. The property generates approximately $125,000 in recent annual sales and sits along one of the areaâ??s highest-traffic, highest-visibility corridors. The site features 4 self-serve bays and 2 automatic touchless bays, offering customers both hands-on and fully automated wash options. Operating 24/7, the car wash competes effectively with modern tunnel washes by combining constant availability, touchless technology, customer convenience, and its excellent exposure on Riverside Blvd.Over the past 12 months, the owner has completed numerous upgrades, including the installation of solar, which helps offset utility expenses and enhances long-term operating efficiency. Additional equipment, site, and aesthetic improvements position a buyer to step into a well-maintained asset without major near-term capital expenditures. The seller is reallocating capital into another project, creating an opportunity for a new owner to benefit from these recent investments.From a tax standpoint, car washes can be highly attractive assets due to the ability to depreciate equipment and improvements on an accelerated basis, and in many cases, to utilize bonus depreciation. Buyers may be able to apply strategies such as cost segregation and accelerated depreciation to significantly shelter taxable income in the early years of ownership, improving after-tax returns. Prospective buyers should consult their tax and accounting professionals regarding how bonus depreciation and other incentives may apply to this property.

Property Features