1771 Green Acres RdFayetteville, AR 72703

Property Details for 1771 Green Acres Rd

Year built

2024

Lot size

1.09 AC

Property size (Sq ft)

5,115 SF

Property type

Retail properties

Property subtype

Other specialty properties

Description

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.

Location Insight

City

Fayetteville

County

Washington

State

Arkansas

Latitude

36.0858

Longitude

-94.156

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