Freestanding For Sale • 5,968 SF
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 % |
Tenant | SF Occupied | Lease End Date |
---|---|---|
Splash Car Wash | 5,968 SF | 12/31/2043 |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
Little Rock Union Station (Texas Eagle - Amtrak) | 14 min | - | 9.4 mi |
Airport | Drive | Walk | Distance |
Bill and Hillary Clinton Ntl/Adams Field | 19 min | - | 12.9 mi |