Investment Overview

The subject property consists of a 1,960-square-foot laundromat and a 1,100-square-foot carwash situated on a 0.50-acre lot in Yerington, Nevada. The property is located at the intersection of West Goldfield Avenue (Highway 95) and Pizen Switch Road and has excellent ingress & egress from both roads. This offering includes both the business and real estate. Originally constructed in 1986, this property has successfully operated as a carwash & laundromat for decades and is well-known locally. This offering provides management upside to a new owner, as the first price increase in over 15 years occurred in 2023 (raising laundry wash rates from $1.75 to $2.25 - still well below market). The Laundromat operates with twenty-two front-load washers and twenty dryers. The building has a ductless mini-split for heating and air, a restroom, and outdoor seating ensuring a comfortable experience for customers. The car wash consists of three bays, which are all self-service. They are currently coin-operated and are priced at $2.00 per wash. There are also two coin-operated vacuums available for use. The carwash and laundromat are steel and brick construction with metal roofs, ensuring the property can be operated with little capital expenditures beyond the washer & dryers. Yerington, Nevada is centrally located in Lyon County, and is the county seat. Located at the intersection of US 95A and Nevada State Route 208, Yerington is roughly 70 miles southeast of Reno. The fourth largest known copper deposit in North America sits just outside of Yerington, and companies such as "Nevada Copper" are ramping up production to access this resource. Agriculture also fuels the local economy, with many other ancillary businesses supporting the residents. The subject property is centrally located in the area’s primary retail corridor along the busiest section of road in Yerington. Raley’s, McDonalds, Round Table Pizza, H&R Block, Maverik, O’Reilly Auto Parts, and other national retailers can all be found within 1/4 of a mile of the subject property. Priced at $675,000, Pizen Switch Laundry Mat & Car Wash offers a purchaser an established business with near-term opportunities to improve returns.