Splash Car Wash
5,800 SF Specialty Building Offered at $5,909,646 at a 6.50% Cap Rate in Bentonville, AR 72713
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,909,646
- Property Type
-
Specialty
- Square Feet
- 5,800 SF
- Price / Square Foot
- $1,019
Listing Contacts
Mason Lewis
Verified Profile
Jereme Snyder
Verified Profile
Eric Carlton
Verified Profile
- Property Info
Property Overview
The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to purchase an absolute NNN Splash Car Wash located in Bentonville, AR. Splash Car Wash is the largest and quickest growing car wash operator in the state of Arkansas and currently operates over 17 “Dream” locations with two dozen more in the development pipeline. Currently performing over 750,000 washes annually with a paying membership base of over 17,000 customers, Splash has a strong platform with a loyal customer base.
Lease fundamentals include 20 year primary terms, two 5-year options, and 1.5% annual rent increases with full term corporate and personal guaranties. The subject property is currently open and operational with the primary term commencing upon close of escrow. The inflation resistant absolute NNN lease is ideal for an investor seeking zero landlord responsibility while providing years of worry-free cash flows and an accelerated bonus depreciation.
This 5,800 SF state of the art express car wash on 2.03 acre is strategically positioned on the hard corner of SW Regional Airport Blvd and SW Bright RD which have a combined traffic count exceeding 31,367 VPD. Many retailers have recently flocked to the Regional Airport Blvd corridor including Walmart Neighborhood Market, McDonald’s, Slim Chickens, Taco Bell, Scooter’s Coffee and more. Bentonville has experienced strong growth over the past several decades and is expected to continue to expand. Several Fortune 500 Companies call Northwest Arkansas home including Walmart, Tyson Foods, and J.B. Hunt Transportation.
This is an excellent opportunity to purchase a brand-new absolute NNN leased express car wash location with zero landlord responsibilities, annual rent increases, with corporate and personal guaranties producing years of worry-free income.
Lease fundamentals include 20 year primary terms, two 5-year options, and 1.5% annual rent increases with full term corporate and personal guaranties. The subject property is currently open and operational with the primary term commencing upon close of escrow. The inflation resistant absolute NNN lease is ideal for an investor seeking zero landlord responsibility while providing years of worry-free cash flows and an accelerated bonus depreciation.
This 5,800 SF state of the art express car wash on 2.03 acre is strategically positioned on the hard corner of SW Regional Airport Blvd and SW Bright RD which have a combined traffic count exceeding 31,367 VPD. Many retailers have recently flocked to the Regional Airport Blvd corridor including Walmart Neighborhood Market, McDonald’s, Slim Chickens, Taco Bell, Scooter’s Coffee and more. Bentonville has experienced strong growth over the past several decades and is expected to continue to expand. Several Fortune 500 Companies call Northwest Arkansas home including Walmart, Tyson Foods, and J.B. Hunt Transportation.
This is an excellent opportunity to purchase a brand-new absolute NNN leased express car wash location with zero landlord responsibilities, annual rent increases, with corporate and personal guaranties producing years of worry-free income.
Property Details
- Class
- A
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Car Wash
- Lot Size (sq. ft)
- 85,813 SF
Highlights
- Splash “Dream” Car Wash – Largest Car Wash Operator in Arkansas - Over 750,000 Washes Annually
- 17 Locations in Operation – Two Dozen in Development/Planning - 17,000+ Memberships
- Absolute NNN Lease – Zero Landlord Duties - Ideal for 1031 Exchange Asset/Coupon Clipper
- 20 Year Primary Term – Two 5 Year Option Periods - 1.5% Annual Rent Increases
- Currently Open & Operational - Rent Commencement at Close of Escrow
- Corporate and Personal Guaranty - Secure, Inflation Resistant, Cash Flows
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