Fast Lap Xpress Wash | Business + Leasehold |… — Sale in Phoenix, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Phoenix, AZ 85031

Photos

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Fast Lap Xpress Wash | Business + Leasehold |… — Sale in Phoenix, AZ, photo 2 of 2

Investment Figures

Cap rate
8.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire the Fast Lap Xpress Wash operating business and leasehold interest at 3830 North 51st Avenue in Phoenix, Arizona. The ±5,970-square-foot express car wash, built in 2020, sits on ±1.10 acres and operates under an NNN ground lease with zero landlord responsibilities, ±9 years of remaining term through December 2035, and three (3) five-year renewal options. Annual ground rent is $150,000, with scheduled 10% increases every five years. Offered at $4,999,999, the business generates $110,000 in current annual EBITDA, with pro forma EBITDA of $400,000 representing an 8.00% projected yield and meaningful upside through improved operations. The site fronts North 51st Avenue (±41,589 VPD) just south of its signalized intersection with Indian School Road (36,262 VPD), one of the highest-traffic intersections in West Phoenix. The property sits directly adjacent to American Family Fields of Phoenix, the Milwaukee Brewers' spring training complex drawing 130,000+ visitors annually, and neighbors a top 10% performing Walmart Supercenter and Maryvale Plaza, home to Burlington, Dollar Tree, and Ace Hardware. The 5-mile trade area holds 472,829 residents with an average household income of $88,621, and new multi-tenant redevelopment is underway at 51st Avenue and Indian School Road. The asset sits within the 5.2 million-resident Phoenix MSA, one of the fastest-growing metros in the nation. Investment Highlights: • Business + Leasehold Acquisition | NNN Ground Lease w/ Zero Landlord Responsibilities • ±9 Years Remaining Through 12/2035 w/ Three (3) 5-Year Renewal Options • Scheduled 10% Ground Rent Increases Every 5 Years • $110,000 Current EBITDA | $400,000 Pro Forma EBITDA (8.00% Yield) • Modern 2020 Construction | ±5,970 SF on ±1.10 AC • Neighbors Top 10% Performing Walmart Supercenter and Maryvale Plaza

Market Context

This retail in Phoenix, AZ is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Phoenix, AZ — view the full market.

As of Q1 2026, the Phoenix retail market showed a 4.8% vacancy rate, and average asking rents near $19.00/SF/yr. Source: multiple brokerage reports, Q1 2026.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Phoenix retail market tightening or softening?
Vacancy is around 4.8% (Q1 2026).

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