2116 Reynolds RdBryant, AR 72022

For Sale
$5,405,242 View listing
  • Car washes
  • 2,896 SF

Property Details for 2116 Reynolds Rd

Lot size
1.09 AC
Property size (Sq ft)
2,896 SF
Property type
Car washes
APN
840-00754-001
APU
84000754001

Description

This exceptional investment opportunity presents a brand-new, 5,120-square-foot Class A car wash in Bryant, Arkansas. Located on a 1.2-acre lot at 2116 N Reynolds Rd, 72022, this property boasts a 20-year absolute NNN lease with Splash Car Wash, the largest and fastest-growing car wash operator in Arkansas, backed by a corporate guarantee exceeding $40 million. The lease features a favorable 1.5% annual rent increase, ensuring consistent income growth. Built in 2023, this high-quality construction is situated along a major retail corridor with daily traffic exceeding 25,000 vehicles and immediate access to I-30 (104,000+ VPD), providing excellent visibility and accessibility. The property benefits from a strong demographic profile, with an average household income exceeding $105,000 within a 1-mile radius and over 64,000 residents within a 5-mile radius. Bryant's strategic location along I-30 and its proximity to numerous national retailers, including Walmart, Lowe's, and Target, further enhance the investment's appeal. The asking price is $5,405,242, offering a 7.00% cap rate and a net operating income (NOI) of $378,367. The investment's resilience is underscored by the car wash industry's growth and its recession-resistant nature. Bonus depreciation opportunities are also available, offering significant tax advantages. This is a passive, free-and-clear investment poised for long-term success.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $676,666
    6.5%
    $624,614
    7%
    $579,999
  • Comparable approach

    Method
    Valuation
    Relative Method
    $522,020
    Geo Method
    $522,020
  • Alternative Use

    Use
    Valuation
    Residential
    $526,886
    Hospitality
    $482,624
    Educational
    $401,538
    Medical
    $415,347
    Retail
    $624,614
2116 Reynolds Rd, Bryant, Arkansas

Location Insight

City
Bryant
County
Saline
State
Arkansas
Latitude
34.614
Longitude
-92.4976
CBSA code
30780
CBSA name
LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$16,260
$94,960
$238,246
$333,206
-
$474,800
$1,191,230
$1,666,030

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