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www.cbcreliantrealty.com ©2019 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell
Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal
Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the
Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba
Coldwell Banker Commercial Affiliates.
Coldwell Banker Commercial Reliant Realty
1125 W. 8th Street, Suite 200
Cincinnati, OH 45203
(513) 241-8725 MAIN
(513) 241-8746 FAX
FOR SALE BATAVIA CAR WASH & QUICK LUBE TU
RN
KEY
INV
ESTM
EN
T SA
LE
RELIANT REALTY
BROKER CONTACT: Mike Bastin | Senior Vice President
Direct: (513) 618-2823 | Cell: (513) 520-4525 | Email: [email protected]
1012 & 1020 HOSPITAL DRIVE, BATAVIA, OH 45103 | TURNKEY INVESTMENT SALE PROPERTY INFORMATION
Address 1012 Hospital Drive | Quick Lube
1020 Hospital Drive | Car Wash
Batavia, OH 45103
Total SF 4,300 SF | Total
1,500 SF | Quick Lube Building
2,800 SF | Car Wash Building
Acreage 0.9134 acres
County Clermont County
Municipality Batavia Township
Zoning B-2 General Business
Highway
Access Excellent visibility and access to SR
32 with 40,000+ VPD traffic count
www.cbcreliantrealty.com ©2019 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell
Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal
Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the
Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba
Coldwell Banker Commercial Affiliates.
Coldwell Banker Commercial Reliant Realty
1125 W. 8th Street, Suite 200
Cincinnati, OH 45203
(513) 241-8725 MAIN
(513) 241-8746 FAX
FOR SALE BATAVIA CAR WASH & QUICK LUBE TU
RN
KEY
INV
ESTM
EN
T SA
LE
RELIANT REALTY
BROKER CONTACT: Mike Bastin | Senior Vice President
Direct: (513) 618-2823 | Cell: (513) 520-4525 | Email: [email protected]
Batavia Car Wash
& Quick Lube
1012 HOSPITAL DRIVE, BATAVIA, OH 45103 | OFFICE-RETAIL-MEDICAL INVESTMENT DETAILS
Sale Price $1,200,000
Cap Rate 10.04%
Turnkey
Investment Owner will lease back the Quick Lube
building -and- offer on-site management of
the Car Wash. New owner may elect to self-
manage the Car Wash, at their option.
New
Construction Car Wash building and all associated
equipment & mechanical systems were
completely rebuilt in 2016.
Offering
Details See this Offering Memorandum for P&L history
along with terms and conditions related to
the Quick Lube lease back and Car Wash
operations.
www.cbcreliantrealty.com ©2019 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell
Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal
Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the
Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba
Coldwell Banker Commercial Affiliates.
Coldwell Banker Commercial Reliant Realty
1125 W. 8th Street, Suite 200
Cincinnati, OH 45203
(513) 241-8725 MAIN
(513) 241-8746 FAX
FOR SALE BATAVIA CAR WASH & QUICK LUBE TU
RN
KEY
INV
ESTM
EN
T SA
LE
RELIANT REALTY
BROKER CONTACT: Mike Bastin | Senior Vice President
Direct: (513) 618-2823 | Cell: (513) 520-4525 | Email: [email protected]
2017 2018 PRO FORMA
Car Wash Revenue
Cash Sales - Car Wash 49,702.45$ 84,117.87$ 85,000.00$
Credit Card Sales - Car Wash 64,883.49$ 62,042.00$ 65,000.00$
Total Car Wash Revenue 114,585.94$ A 146,159.87$ 150,000.00$
Quick Lube Revenue
Base Rent - Quick Lube -$ -$ 25,000.00$ B
Tenant Reimb - Property Taxes -$ -$ 3,195.89$ C
Total Quick Lube Revenue -$ -$ 28,195.89$
Net Revenue 114,585.94$ 146,159.87$ 178,195.89$
Operating Expenses
Office Supplies 109.94$ -$ 50.00$
Property Taxes - Car Wash 5,642.64$ 5,892.60$ 6,380.24$ D
Property Taxes - Quick Lube -$ -$ 3,195.89$ E
Maintenance Payroll -$ -$ 15,600.00$ F
Lawn Care 1,281.00$ -$ 750.00$
Credit Card Fees 3,832.37$ 3,994.87$ 4,000.00$
Licenses and Permits -$ 400.00$ 200.00$
Building Repairs 49.99$ 237.11$ 350.00$
Chemicals 5,700.00$ 1,225.00$ 3,500.00$
Telephone Expense 1,186.47$ 908.89$ 1,100.00$
Gas & Electric - Car Wash 10,243.09$ 11,614.65$ 11,750.00$
Utilities - Quick Lube -$ -$ -$ G
Waste Removal 1,511.97$ 1,682.85$ 1,700.00$
Water 8,520.92$ 9,090.96$ 9,150.00$
Total Operating Expenses 38,078.39$ 35,046.93$ 57,726.13$
Net Income 76,507.55$ 111,112.94$ 120,469.76$
1,200,000$
10.04%
FOOTNOTES & ASSUMPTIONS: Description
A 2017 Car Wash Revenue 2017 Revenue lower due to partial year "down time" for Car Wash re-build.
B Base Rent - Quick Lube Current owner will leaseback the Quick Lube -or- a new owner has the
option to take over Quick Lube operations.
C Tenant Reimb - Property Taxes Owner (as new Tenant) reimburses Landlord for Quick Lube Property Taxes.
D Property Taxes - Car Wash Based on actual 2018 (pay 2019) taxes per Clermont County Auditor.
E Property Taxes - Quick Lube Based on actual 2018 (pay 2019) taxes per Clermont County Auditor.
F Maintenance Payroll In 2017 and 2018 the Car Wash was self-managed (no salary). Owner
will offer to manage the Car Wash at $15/hour as an independent
contractor - salary amount above assumes 20 hours/week.
G Utilities - Quick Lube Owner (as new Tenant) will pay all Quick Lube utlities expenses.
BATAVIA CAR WASH & QUICK LUBE | 1012 & 1020 HOSPITAL DRIVE
Asking Price
Cap Rate