For Sale
$5,525,000

1771 Green Acres RdFayetteville, AR 72703

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

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a brand-new, 5,115 square foot Class A car wash in Fayetteville, Arkansas. Located on 1.09 acres at 1771 Green Acres Rd, 72703, this property boasts a 20-year absolute NNN lease with Splash Car Wash, a major Arkansas operator, providing zero landlord obligations. The lease features a 1.5% annual rent increase, ensuring consistent income growth. The current annual net operating income (NOI) is $386,750, representing a 7.00% cap rate on the $5,525,000 asking price. Built in 2024, this high-quality construction benefits from bonus depreciation opportunities. The property enjoys excellent visibility and accessibility, situated along a major retail corridor with daily traffic exceeding 27,000 vehicles. The tenant, Splash Car Wash, is a financially strong entity with over 40,000 members and annual washes exceeding 750,000. The lease includes both personal and corporate guarantees. The location is highly desirable, within a densely populated and affluent area with an average household income exceeding $82,000 and over 116,000 residents within a 5-mile radius. Its proximity to the University of Arkansas and a VA Medical Center further enhances its long-term potential. This is a service-based, recession-resistant investment in a rapidly growing market.

Highlights

  • 20-Year Absolute Net Lease with 2% annual rent increases.
  • High-traffic location with over 27,000 vehicles daily.
  • Recession-resistant car wash investment in a growing $15 billion industry.
  • Proximity to the VA Medical Center-Fayetteville.
  • Leased to Splash Car Wash, Arkansas' largest car wash operator, with strong corporate guaranty.
  • Significant tax benefits through bonus depreciation.

Property Details for 1771 Green Acres Rd

Property type
Specialty properties, Retail properties
Square Feet
5,115 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
47,480 SF

Location Insight

City
Fayetteville
County
Washington
State
Arkansas
Latitude
36.0857873
Longitude
-94.1559895
1771 Green Acres Rd, Fayetteville, Arkansas

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1771 Green Acres Rd
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