For Sale
$4,752,648

3610 Kiehl AveSherwood, AR 72120

High-return car wash investment. 20-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, 5,968 square foot Class A car wash in Sherwood, Arkansas. Located on a 0.98-acre lot at 3610 E Kiehl Ave, 72120, this property boasts a 20-year absolute NNN lease with Splash Car Wash, the largest and fastest-growing car wash operator in Arkansas, providing a corporate guarantee. The lease features a 7.75% cap rate and a strong NOI of $368,330, with annual rent bumps of 2%. Built in 2023, this high-quality construction benefits from excellent visibility and accessibility, situated along a major retail corridor with daily traffic exceeding 22,000 vehicles and close proximity to US Highway-167 (81,000+ VPD). The property is ideally positioned to serve a densely populated affluent area with an average household income exceeding $85,000 within a 3-mile radius and over 80,000 residents within a 5-mile radius. The lease expires November 30, 2044, offering long-term stability and significant tax advantages through bonus depreciation. This recession-resistant, service-based investment presents a compelling opportunity for passive income generation in a rapidly growing industry. The tenant, Splash Car Wash, boasts over 40,000 members and performs 750,000+ washes annually. This is a fee simple ownership opportunity with substantial long-term growth potential.

Highlights

  • 20-year absolute NNN lease with 2% annual rent increases; brand-new, 2023 construction.
  • High-visibility location on major retail corridor with over 22,000 vehicles daily, near US Highway-167 (81,000+ VPD).
  • Recession-resistant, service-based investment in a growing $15 billion industry.
  • Attracts residents and commuters from Jacksonville and North Little Rock.
  • Leased to Splash Car Wash, Arkansas' largest car wash operator, with over 40,000 members and 750,000+ washes annually; corporate guarantee.
  • Fee simple ownership with significant tax advantages through bonus depreciation.

Property Details for 3610 Kiehl Ave

Property type
Specialty properties, Retail properties
Square Feet
5,968 SF
Class
A
Year Built
2023
Lot Size (sq. ft)
42,689 SF

Location Insight

City
Sherwood
County
Pulaski
State
Arkansas
Latitude
34.8316898
Longitude
-92.1924256
3610 Kiehl Ave, Sherwood, Arkansas

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3610 Kiehl Ave
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