355 E Hickman Rd, Waukee, IA, 50263
Prime Car Wash
Key Information
Highlights
• Newly Constructed, Modern Facility | The property was built in 2024 and features a modern, purpose-built express tunnel facility totaling approximately 11,102 SF on 1.38 acres. The newer construction provides an efficient operating platform with limited near-term capital expenditure requirements.
• Fast-Growing Waukee Market & Strong Demographics | The subject property is located in Waukee, one of the fastest-growing cities in Iowa and a rapidly expanding suburb of the Des Moines metro. With approximately 93,385 residents within a 5-mile radius and average household income of approximately $122,689, the surrounding trade area provides a strong and growing customer base to support continued wash volume and membership growth.
• Strong Membership Growth & Recurring Revenue | Prime Car Wash has established approximately 1,100 active memberships during its first year of operation, demonstrating strong initial traction for the recently opened location. The unlimited monthly membership model provides a recurring revenue foundation while creating meaningful upside as the membership base continues to mature and expand.
• Limited Direct Competition in the Immediate Trade Area | The subject property benefits from limited direct car wash competition in its immediate trade area, providing Prime with an opportunity to capture demand from the surrounding residential and commercial population and support continued growth in both wash volume and memberships.
• Strategic Location with Strong Regional Connectivity | The property is strategically positioned along East Hickman Road with convenient access to Iowa Highway 141 and I-80, providing strong connectivity throughout the western Des Moines metro. Continued residential development, new-home construction, and proximity to major employment centers further support long-term demand for the property.
• Fee Simple Sale — Land, Building & Business | The offering conveys the land, building, and operating business together in a single transaction, providing an incoming owner with immediate control over the entire asset. The combination of modern real estate, an established membership base, and continued growth throughout the surrounding market creates an opportunity to acquire both the operating business and the underlying real estate with meaningful future upside.
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