3610 E Kiehl Ave - Freestanding FOR SALE
Sherwood, AR 72120 |
$4,752,648 USD
858-373-3184
3610 E Kiehl Ave
Sherwood, AR 72120
HIGHLIGHTS
- 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 2% Annual Rental Increases throughout the Initial Term and Options.
- Brand New 2024 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.
- Densely Populated Affluent Area: Average Household Income of $85k+ within a 3-Mile Radius and over 80k People Residing within a 5-Mile Radius.
- The Site Benefits from its Close Proximity to Downtown Little Rock - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants.
OVERVIEW
20 Year Absolute Net Lease Car Wash w/ favorable 2% 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
$4,752,648 USD
PRICE/SF
$796 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
ABS. NET 20 YR CAR WASH | BONUS DEPRECIATION
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.96 AC
LAND SF
41,759 SF
ZONING
-
APN/PARCEL ID
23S-008-00-020-00,23S-008-00-023-00
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858-373-3184
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858-373-3184
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