5140 W Cheyenne Ave - Car Washes FOR SALE


Las Vegas, NV 89108- Woodcrest
$3,810,000 USD
480-221-4221
5140 W Cheyenne Ave, Las Vegas, NV for Sale
$3,810,000 USD
Car Washes - FOR SALE
1/10
null | 5.25% Cap Rate

5140 W Cheyenne Ave
Las Vegas, NV 89108
Woodcrest


HIGHLIGHTS

  • Over 17 Years Remaining | Strong Location | Scheduled Rental Increases | Postitive EBITDA
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Cheyenne Commons (446,000 SF) | North Mesa Plaza (425,000 SF) |Best in the West Center (468,000 SF
  • Primary Retail Corridor | Growing Regional Brand (23+ Locations)
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dash Car Wash investment property located in Las Vegas, Nevada. The tenant, Dash Car Wash has over 17 years remaining on their initial term with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Dash Car Wash is a growing brand in the American Southwest, with 23 locations throughout Nevada and Arizona and additional expansion planned.

FOR SALE DETAILS

PRICE

$3,810,000 USD

PRICE/SF

$1,996 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dash Car Wash | 17+yrs Corp Abs NNN

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

C-2

APN/PARCEL ID

138-12-801-016

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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