For Sale
$2,666,667

1900 Reynolds Rd Bryant, AR 72022

High-yield car wash, long-term lease.

Overview

Added:
Dec 11, 2024
Days on market:
137
This fee-simple investment opportunity presents a 5,510 square foot ZIPS Car Wash located at 1900 N Reynolds Rd, Bryant, AR 72022. Built in 1997, the property boasts a 100% occupancy rate with a strong corporate guarantee backing a 15.8-year remaining lease term. The absolute NNN lease includes annual rent bumps of 1.50%, ensuring consistent income growth. The property generates a substantial NOI of $200,000, translating to a compelling 7.50% cap rate and a price per square foot of $483.97. The asking price is $2,666,667. Benefiting from its location near I-30 (with over 100,000 vehicles per day), this car wash enjoys strong surrounding retail and demographics, including a 1.39% annual population growth since 2020. Lease options include 6 and 5-year extensions. The property's dual-use potential adds further investment appeal. This asset is eligible for accelerated depreciation and 60% bonus depreciation. A 20-minute drive to downtown Little Rock provides additional market access. The high demand for professional car washing services (72% of drivers utilize them) further solidifies this investment's potential.

Highlights

  • $2,666,667 asking price for this fee simple, 5,510 SF car wash in Bryant, AR.
  • Absolute NNN lease with a corporate guarantee, offering a 7.50% cap rate and $200,000 NOI.
  • 100% occupancy with 15.8 years remaining on the lease, featuring 1.5% annual rent bumps.
  • Located at 1900 N Reynolds Rd, Bryant, AR 72022, near I-30 and downtown Little Rock.
  • Built in 1997, the property offers lease options of 6 and 5-year terms.

Property Details for 1900 Reynolds Rd

Property type
Specialty properties, Car washes
Square Feet
5,510 SF
Year Built
1997

Location Insight

City
Bryant
County
Saline
State
Arkansas
Latitude
34.612000627766
Longitude
-92.496307142763

FAQs

What type of property is this?
Specialty property - High-yield car wash, long-term lease.
Where is the specialty property located?
The property is located at 1900 Reynolds Rd Bryant, AR.
What is the asking price?
The asking price for this property is $2,666,667.
What are key features of this property?
This property features: $2,666,667 asking price for this fee simple, 5,510 SF car wash in Bryant, AR.; Absolute NNN lease with a corporate guarantee, offering a 7.50% cap rate and $200,000 NOI.; 100% occupancy with 15.8 years remaining on the lease, featuring 1.5% annual rent bumps.
How can I contact the broker?
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1900 Reynolds Rd
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