2610 E Main St - Car Washes FOR SALE


Russellville, AR 72802
$5,634,063 USD
913-956-5817
2610 E Main St, Russellville, AR for Sale
$5,634,063 USD
Car Washes - FOR SALE
1/4
null | 6.75% Cap Rate

2610 E Main St
Russellville, AR 72802


HIGHLIGHTS

  • Single Tenant Absolute NNN Lease 16.9 Year Base Term
  • FULL TERM PERSONAL & CORPORATE GUARANTY
  • Well-positioned at the heart of the Russellville retail trade area

OVERVIEW

THE LEASE PROVIDE A FULL TERM PERSONAL AND CORPORATE GUARANTY FROM A GUARANTOR WITH A $50+ million NET WORTH. NAI Heartland is pleased to present an opportunity to purchase an absolute net-leased express car wash investment occupied by Splash. A brand new 20-year lease commenced January 1st, 2023 and is accompanied with two 5-year options with 1.5% annual rental escalations throughout. Splash Car Wash is a quickly growing operator that currently has 22 locations in Arkansas with more to come and performs over 2,000,000 washes annually with a paying membership base in excess of 50,000. Furthermore, Splash employs over 375 people and has served Arkansas since 1983.

FOR SALE DETAILS

PRICE

$5,634,063 USD

PRICE/SF

$1,341 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

-

APN/PARCEL ID

857-10006-000C

ASK ABOUT THIS PROPERTY

Brandon HeckNAI HeartlandMore Info
913-956-5817

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

Brandon HeckNAI HeartlandMore Info
913-956-5817

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