2116 N Reynolds Rd - Car Washes FOR SALE
Bryant, AR 72022 |
$5,405,242 USD
858-373-3184
2116 N Reynolds Rd
Bryant, AR 72022
HIGHLIGHTS
- 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases throughout the Initial Term and Options.
- Brand New 2023 High Quality Construction. Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success.
- Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model.
- Splash Car Wash is the Largest and Rapidly Growing Car Wash Operator in the State of Arkansas w/ over 40k Members and performs 750k+ Washes Annually.
- This Car Wash, within the City of Bryant, will Attract Residents and Commuters from Both Benton from the South as well as Little Rock to the North.
- Densely Populated Affluent Area: Average Household Income of $105k+ within a 1-Mile Radius and over 64k People Residing within a 5-Mile Radius.
OVERVIEW
20 Year Absolute Net Lease Car Wash w/ favorable 1.5% Annual Increases | Brand New 2023 Construction | Qualifies for Accelerated Depreciation | Largest and Rapidly Growing Car Wash Operator in the State of Arkansas
Arkansas Broker of Record: Steve Greer | 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 | P: (225) 376-6729 | Lic #: PB00098133 Steve.Greer@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$5,405,242 USD
PRICE/SF
$1,056 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
ABS. NET 20 YR CAR WASH | BONUS DEPRECIATION
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
1.2 AC
LAND SF
52,272 SF
ZONING
Commercial
APN/PARCEL ID
840-12647-000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
858-373-3184
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
858-373-3184
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
