Description

8.46% Going-In Cap | $591,492 Adjusted NOI | 2 Locations | 11 Bays | 24/7 Self-Serve + Touchless | ~$375K Spare Parts Included Hidden Cove is a two-location, 24/7 car wash portfolio in Layton and Roy, Utah, featuring 9 self-serve bays and 2 touchless automatic bays. The two fee-simple properties total 7,554 SF on approximately 1.014 acres and have been under the same-family ownership since 1998. The portfolio has received $225,286 in capital improvements from 2022–2025 and includes approximately $375,000 in spare-parts inventory transferring at closing. Seller financing may be considered for qualified buyers. 2025 FINANCIALS: $591,492 Adjusted NOI | 8.46% Going-In Cap PRO FORMA UPSIDE: 10% Price Increase: $671,492 NOI | 9.61% Cap Roy Construction Recovery: $638,680 NOI | 9.14% Cap Both Combined: $718,680 NOI | 10.28% Cap LISTED BY: Chase Griffin | Tiffany & Company Real Estate Inc. 801-682-3078 | chase@pergecapital.com UT Lic. #14301890-SA00 OUT-OF-STATE MARKETING AGENT: Danielle Moore | Realty Executives Showcase Commercial 586.354.4433 | daniellem@realtyexecutives.com Utah showings, offers, negotiations and other brokerage activities are conducted through Chase Griffin and Tiffany & Company Real Estate Inc.