3 6 4 1 lor n a roa d hoov er, a l 3 5 2 1 6 · 2020-06-08 · 3 6 4 1 lor n a roa d hoov er, a l 3...

LYNDSY YIM JO N MAST ERS, CCIM205.209.4595 [email protected] [email protected]

R E TAIL S PE CIAL IS T SBirmingham | Atlanta

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3641 Lorna Road Hoover, AL 35216

IN T E RN E T - P RO O F C A R WA S H O P P O RT UN IT Y WIT H RE A L E S T AT E

P R O P E R T Y P H O T O S | F O R S AL E




RETAIL PROPERTYFOR SALE

Opportunity to acquire a unique car wash business with real estate

Propert y Highlight sLocated in one of the state's largest retail corridors! (Just off I-65 & I-459)

Heavy daytime population of 56,594 (3 Min. Drive Time from AT&T Data Center)

Directly across from Arby's, Havertys Furniture and next to Express Oil Change & Tire Engineers

+/- 8,033 SF Building on +/- 1.27 AC

Length of Tunnel: 167' with 125' conveyor (upgraded to new equipment in 2017), Vacuum station canopy: two 1,645 SFcanopies

Can be easily converted into Self-Service, Flex-Service, Express

Includes: FF&E for automatic car wash equipment for the wash tunnel bays and commercial vacuum equipment

Car Wash Facilit y Highlight sCar Wash with innovative cleaning solutions and techniques

Strong sales and higher profit margin than competition

Value add opportunity & seller will train new owner on carwash operation

Passive income of +/- $21,000 available

Owner invested $350,000 in 2017 upgrading car wash tunneland site

INT ERNET-PROOF CAR WASH OPPORT UNIT Y WIT H REAL ESTAT E3641 Lorna Road Hoover, AL 35216






M A R K E T A E R I A L | F O R S AL E






E M P L O Y E R S & S I T E P L A N | F O R S AL E






S U R VE Y | F O R S AL E






1 0 M I N UT E D R I V E T I M E D E M O G R A P H I C S | F O R S A L E






1 5 M I N UT E D R I V E T I M E D E M O G R A P H I C S | F O R S A L E

Executive Summary3641 Lorna Rd, Birmingham, Alabama, 35216 Prepared by EsriRings: 3, 5, 10 mile radii Latitude: 33.38122

Longitude: -86.79800

3 miles 5 miles 10 milesPopulation

2000 Population 50,724 102,293 377,3552010 Population 57,855 117,925 405,5322019 Population 60,315 125,006 431,3832024 Population 61,625 128,606 445,8022000-2010 Annual Rate 1.32% 1.43% 0.72%2010-2019 Annual Rate 0.45% 0.63% 0.67%2019-2024 Annual Rate 0.43% 0.57% 0.66%2019 Male Population 47.9% 48.2% 48.0%2019 Female Population 52.1% 51.8% 52.0%2019 Median Age 36.8 38.6 37.5

In the identified area, the current year population is 431,383. In 2010, the Census count in the area was 405,532. The rate of change since 2010 was 0.67% annually. The five-year projection for the population in the area is 445,802 representing a change of 0.66% annually from 2019 to 2024. Currently, the population is 48.0% male and 52.0% female.

Median Age

The median age in this area is 36.8, compared to U.S. median age of 38.5.Race and Ethnicity

2019 White Alone 67.1% 73.9% 59.4%2019 Black Alone 20.4% 14.8% 32.9%2019 American Indian/Alaska Native Alone 0.3% 0.3% 0.2%2019 Asian Alone 5.6% 5.6% 3.2%2019 Pacific Islander Alone 0.0% 0.0% 0.0%2019 Other Race 4.5% 3.5% 2.7%2019 Two or More Races 2.0% 1.8% 1.6%2019 Hispanic Origin (Any Race) 8.3% 7.1% 5.3%

Persons of Hispanic origin represent 5.3% of the population in the identified area compared to 18.6% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 58.4 in the identified area, compared to 64.8 for the U.S. as a whole.

Households2019 Wealth Index 129 154 1162000 Households 21,844 42,063 154,3972010 Households 24,453 48,380 165,5082019 Total Households 25,175 50,850 175,3072024 Total Households 25,617 52,163 181,0342000-2010 Annual Rate 1.13% 1.41% 0.70%2010-2019 Annual Rate 0.32% 0.54% 0.62%2019-2024 Annual Rate 0.35% 0.51% 0.64%2019 Average Household Size 2.38 2.44 2.39

The household count in this area has changed from 165,508 in 2010 to 175,307 in the current year, a change of 0.62% annually. The five-year projection of households is 181,034, a change of 0.64% annually from the current year total. Average household size is currently 2.39, compared to 2.38 in the year 2010. The number of families in the current year is 106,701 in the specified area.

Data Note: Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024. Esri converted Census 2000 data into 2010 geography.

May 13, 2020

©2020 Esri Page 1 of 2

Executive Summary3641 Lorna Rd, Birmingham, Alabama, 35216 Prepared by EsriRings: 3, 5, 10 mile radii Latitude: 33.38122

Longitude: -86.79800

3 miles 5 miles 10 milesMortgage Income

2019 Percent of Income for Mortgage 19.4% 17.9% 20.3%Median Household Income

2019 Median Household Income $68,237 $80,116 $61,2482024 Median Household Income $76,917 $88,998 $68,8122019-2024 Annual Rate 2.42% 2.13% 2.36%

Average Household Income

2019 Average Household Income $98,208 $111,724 $94,1192024 Average Household Income $110,219 $124,376 $105,4762019-2024 Annual Rate 2.33% 2.17% 2.30%

Per Capita Income2019 Per Capita Income $41,236 $45,625 $38,3692024 Per Capita Income $46,077 $50,655 $42,9392019-2024 Annual Rate 2.24% 2.11% 2.28%

Households by IncomeCurrent median household income is $61,248 in the area, compared to $60,548 for all U.S. households. Median household income is projected to be $68,812 in five years, compared to $69,180 for all U.S. households

Current average household income is $94,119 in this area, compared to $87,398 for all U.S. households. Average household income is projected to be $105,476 in five years, compared to $99,638 for all U.S. households

Current per capita income is $38,369 in the area, compared to the U.S. per capita income of $33,028. The per capita income is projected to be $42,939 in five years, compared to $36,530 for all U.S. households Housing

2019 Housing Affordability Index 127 137 1222000 Total Housing Units 23,757 44,982 168,995

2000 Owner Occupied Housing Units 12,614 28,102 95,6222000 Renter Occupied Housing Units 9,230 13,961 58,7752000 Vacant Housing Units 1,913 2,919 14,598

2010 Total Housing Units 26,768 52,146 186,9602010 Owner Occupied Housing Units 13,506 31,860 102,9212010 Renter Occupied Housing Units 10,947 16,520 62,5872010 Vacant Housing Units 2,315 3,766 21,452



Currently, 51.5% of the 199,128 housing units in the area are owner occupied; 36.5%, renter occupied; and 12.0% are vacant. Currently, in the U.S., 56.4% of the housing units in the area are owner occupied; 32.4% are renter occupied; and 11.2% are vacant. In 2010, there were 186,960 housing units in the area - 55.0% owner occupied, 33.5% renter occupied, and 11.5% vacant. The annual rate of change in housing units since 2010 is 2.84%. Median home value in the area is $254,247, compared to a median home value of $234,154 for the U.S. In five years, median value is projected to change by 1.34% annually to $271,771.

Data Note: Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024. Esri converted Census 2000 data into 2010 geography.

May 13, 2020

©2020 Esri Page 2 of 2

3 6 4 1 lor n a roa d hoov er, a l 3 5 2 1 6 · 2020-06-08 · 3 6 4 1 lor n a roa d hoov er, a l 3...

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