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3610 E Kiehl Ave
Sherwood, AR 72120

$4,847,703 USD

Freestanding For Sale  •  5,968 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 5,968 SF
  • Lot Size 0.96 AC
  • Building Class C
  • Year Built 2023
  • Cap Rate 7.75 %
  • Tenancy Single
12 Transit Score
63 Walk Score

Highlights

19 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.
Cap Rate: 7.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Splash Car Wash 5,968 SF 12/31/2043

Public Transportation

Commuter RailDriveWalkDistance
Little Rock Union Station (Texas Eagle - Amtrak) 14 min - 9.4 mi
AirportDriveWalkDistance
Bill and Hillary Clinton Ntl/Adams Field 19 min - 12.9 mi
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