3707 E Race Ave - Car Washes FOR SALE


Searcy, AR 72143
$5,629,630 USD
914-403-7574
3707 E Race Ave, Searcy, AR for Sale
$5,629,630 USD
Car Washes - FOR SALE
1/3
null | 6.75% Cap Rate

3707 E Race Ave
Searcy, AR 72143


HIGHLIGHTS

  • Strong Corporate Guarantee
  • Outparcel Positioning
  • Qualifies for 100% Bonus Depreciation
  • New Apartment Complex Development

OVERVIEW

SURMOUNT is pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 3707 E Race Ave, Searcy, AR 72143. The site consists of roughly 3,600 rentable square feet of building space on an estimated 1.43-acre parcel of land. This Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease, which commenced 12/20/2022. The current annual rent is $380,000 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$5,629,630 USD

PRICE/SF

$1,564 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tidal Wave Auto Spa

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

-

APN/PARCEL ID

016-09904-001

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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