Laser car washes difficult to manage??

[Travis Reed]

A laser car wash popped up for sale locally and is advertising an awesome 11% cap rate. Is this typical for a car wash? Usually higher cap rate indicates a risky investment or am investment that is difficult to manage. Anyone have experience? This appears to be a drive through laser car wash and 4 stalls with access to a vacuum cleaner. 

[Dave Carpenter]

One other comment: consider this a 10-15hr per week job if they are in bay automatics or self serve. It’s fairly passive, but you will need to be there multiple times per week, or have someone on payroll that will.