2110 Carson - Car Washes FOR SALE


Carson City, NV 89706
$3,895,000 USD
530-674-2370
2110 Carson, Carson City, NV for Sale
$3,895,000 USD
Car Washes - FOR SALE
1/6
null | 5.69% Cap Rate

2110 Carson
Carson City, NV 89706


HIGHLIGHTS

  • Absolute NNN Longterm Lease 17+ years remaining on a 20-year lease with 1.5% annual rent increase. Along with 5, 5- year renewal options
  • Location! N. Carson St. is a primary commercial artery with high traffic counts, excellent visibility, and direct access to major retail, dining,
  • Growing Market Carson City is the Capital city of Nevada with a growing population, strong regional economy and strategically located near Reno/Tahoe
  • Newer Construction Constructed in 2022 featuring 2 lanes and 10 vacuum stations.
  • Expanding Operator Under parent company Raceway Express Car Wash is a rapidly expanding operator
  • Qualify for Bonus Depreciation

OVERVIEW

Sierra Express Car Wash presents an exceptional opportunity to acquire a newly constructed, absolute NNN-leased investment in the heart of Carson City, Nevada. The property is leased to Sierra Express Car Wash, a brand operated by the rapidly expanding Raceway Express Car Wash Company, which boasts a growing portfolio of over 45 locations throughout the Southwest. The site, constructed in 2022, features a modern ±2,890 SF building on a ±0.79-acre parcel with excellent frontage along North Carson Street, a major commercial corridor with strong traffic counts. The lease commenced on December 31, 2022, and offers 20 years of primary term with 1.5% annual rent increases and five (5) 5-year renewal options, also with annual escalations—providing reliable income growth and long-term stability. The lease is structured as Absolute Triple Net (NNN), meaning the tenant is responsible for all expenses, including real estate taxes, insurance, utilities, repairs, roof, and structure, offering zero landlord responsibilities. With passive, inflation-hedged income backed by a seasoned operator and strong real estate fundamentals, Sierra Express Car Wash is an ideal asset for investors seeking a stable, low-risk, long-term hold with potential for bonus depreciation.

FOR SALE DETAILS

PRICE

$3,895,000 USD

PRICE/SF

$1,348 USD /SF

CAP RATE

5.69%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sierra Express Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,456 SF

ZONING

RC

APN/PARCEL ID

001-032-04

ASK ABOUT THIS PROPERTY

John OchipintiAztec Real Estate DevelopersMore Info
530-674-2370

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John OchipintiAztec Real Estate DevelopersMore Info
530-674-2370

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.