Sourced a $35 Million Development Credit Facility for a Rapidly Expanding Car Wash Operator in the Southeastern United States

Client Profile:

Car wash operator with eight locations, expected to expand to 15 by the end of 2024.

Strategy:

Client identified six locations where they wanted to open new car washes. Century Partners sourced several development financing options.

Outcome:

Client selected a family office to provide funding for the development; sites are currently under construction.

More Case Studies

1031-Exchange

1031 Exchange from Multi-Family to Multi-Tenant Retail

Outcome:

Century Partners sourced three (3) trophy-quality properties including (a) ATI + Blaze Pizza in Fishers, IN, (b) Cafe Rio & T-Mobile in Castle Rock, CO, and (c) Potbelly, ATI, & Noodles Co in St. Charle’s, IL. The properties were all sourced on an off-market basis through Century Partners’ national relationships.

LONGTIME FREDDY’S OPERATOR TESTS THE MARKET

Outcome:

Century Partners marketed both of the assets and they were quickly sold to private 1031 exchange investors. Four properties were sold at record-low cap rates, with an average cap rate of 4.59%, and a total consideration of $13.7 million.

Sale-Leaseback

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