Andover Properties Expands Car Wash Portfolio with Acquisition of Little River, SC Location
Little River, South Carolina – Andover Properties, a real estate investment firm focused on alternative asset classes, announced today that it has acquired Art’s Car Wash in Little River, SC, marking Andover’s second express tunnel car wash this year. Andover has near term plans to continue its growth in the asset class.
Art’s Car Wash is strategically positioned in the heart of the Myrtle Beach MSA. This state-of-the-art express tunnel car wash, built in 2019, boasts excellent exposure on Highway 17, with a daily traffic count of 27,000 vehicles. The property’s trade area is projected to experience annual population growth of 4.7%, nine times higher than the national average. The immense growth potential of the Little River, SC area is demonstrated by the fact that over 6,000 homes are planned, under construction, or recently delivered in the property’s trade area.
Andover plans to enhance and rebrand the car wash, reintroducing it to the community as Squeeky’s, Andover’s car wash brand that reflects its commitment to best in class service, a memorable customer experience, and high levels of customer satisfaction. The property is located just six minutes from an existing Andover asset, allow for operational efficiencies.
Brian Cohen, President and CEO of Andover Properties, said, “Andover is dedicated to providing high-quality customer service, and we believe that the residents of Little River, SC will come to know Squeeky’s as a trusted name synonymous with car wash excellence.”
Andover invites the community to experience the property as Art’s Car Wash evolves into Squeeky’s. Stay tuned for updates on the grand reopening and exciting promotions to celebrate the launch of Squeeky’s in Little River, SC.
About Andover Properties
Andover Properties is an investment firm that owns, operates, and develops commercial property throughout the United States, with a focus on alternative real estate asset classes such as self storage, manufactured housing, RV parks, and car washes. We are one of the largest private owner-operators of self storage facilities in the United States. Our current storage portfolio totals nearly 13 million square feet across 161 facilities in 18 states and operates under our Storage King USA brand (https://www.storagekingusa.com). Andover was founded in 2003 by Brian and William Cohen, and is headquartered in New York City with offices in Miami and San Francisco. For more information, please visit our website: https://www.andoverprop.com.
Sarah S. Berman
The Berman Group, Inc.