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BUYER: Ultimate Express Car Wash LLC (manager: Chad Dubbs), Belvidere, Ill.
SELLER: A. Grover Matheney as trustee of a land trust
PROPERTY: 5302 Useppa Way, Naples
PRICE: $1.95 million
LAW FIRM ON DEED: Conroy Conroy & Durant PA, Naples
PLANS, DESCRIPTION:
Illinois businessman Chad Dubbs purchased 1.15 acres of vacant land in the Gaspar Station Planned Unit Development for $1.95 million.
The price equated to $1.7 million per acre.
The property is located next to a new Chase Bank building and a Walmart Supercenter.
Dubbs, who has been in the car wash business for more than 15 years, plans to sell his 25-employee car wash in Illinois to open a new location in Naples.
“I'm tired of the cold weather,” he says. “I have one location up here, but I'll be doing more [locations] down there. I'm hoping to get started on the construction [of the first location] by the end of February or the first of March.”
The new express wash car wash will have 5,000 square feet of total space with offices and bathrooms. Dubbs expects to invest close to $1 million on the equipment for the facility. Construction will likely take five to six months.
Dubbs is currently looking at sites in Fort Myers and Cape Coral with the goal of owning several car washes from Cape Coral to Sarasota.
“With multiple properties you hope to avoid getting rained out everywhere in the same day,” he says.
Craig Timmins of Investment Properties Corp. represented the transaction.
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