2116 Reynolds RdBryant, AR 72022
- 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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].