6347 W Lake Mead Blvd - Car Washes FOR SALE


Las Vegas, NV 89108- Michael Way
$7,620,000 USD
702-449-1180
6347 W Lake Mead Blvd, Las Vegas, NV for Sale
$7,620,000 USD
Car Washes - FOR SALE
1/7
null | 5.85% Cap Rate

6347 W Lake Mead Blvd
Las Vegas, NV 89108
Michael Way


HIGHLIGHTS

  • 20-Year Absolute NNN Lease
  • WOW Wash Midco II, LLC Corporate Guarantee
  • Qualifies For 100% Bonus Deprecation
  • Hard Corner of a Signalized Intersection (±46,645 VPD) and East of the I-11 Freeway (±181,000 VPD)
  • Strong daytime population of ±449,581 within a 5-mile radius
  • 2-miles from the future Hylo Mixed-Use Project (73 AC)

OVERVIEW

Colliers is pleased to present an exclusive opportunity to acquire ownership of a STNL WOW Carwash drive-thru in the Las Vegas MSA. The property benefits from a new 20-Year Absolute NNN lease and qualifies for 100% bonus depreciation – allowing investors tremendous tax savings in Year 1 of ownership. The property is well positioned just east of the I-11 Freeway at the signalized intersection of Lake Mead Blvd. and Torrey Pines Dr. with combined traffic counts exceeding (±227,645 VPD). National co-tenants within the area include Walmart, Absolute Dental, CVS Pharmacy, Best Buy, ULTA, DSW, Ross Dress for Less, Barnes & Noble, Hobby Lobby, Whole Foods Market, and many more! A major mixed-use residential and retail redevelopment, Hylo Park, is currently under construction 2-miles from the property and is expected to bring 925 jobs and will include a 150-room hotel, 665 housing units, a 100K SF Vegas Golden Knights hockey facility and additional retail to include restaurants, bars, QSRs, and a childcare center. The asset is surrounded by strong nearby demand drivers and services the dense and affluent Summerlin, Pueblo, and Desert Shores with ±445,741 residents and an average household income of ±$98,274 within a 5-mile radius.

FOR SALE DETAILS

PRICE

$7,620,000 USD

PRICE/SF

$1,588 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WOW Carwash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

C-1

APN/PARCEL ID

138-23-720-007

ASK ABOUT THIS PROPERTY

Adam MalanColliersMore Info
702-449-1180

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Adam MalanColliersMore Info
702-449-1180

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