3610 Kiehl AveSherwood, AR 72120

Property Details for 3610 Kiehl Ave

Lot size

0.94 AC

Property size (Sq ft)

5,845 SF

Property type

Office properties

Property subtype

Office buildings

APN

23S-008-00-020-00

APU

23S0080002000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $929,069

  6.5%

  $857,602

  7%

  $796,345

• Comparable approach

  Method

  Valuation

  Relative Method

  $418,093

  Geo Method

  $418,093

• Alternative Use

  Use

  Valuation

  Residential

  $1,063,426

  Hospitality

  $974,093

  Educational

  $810,434

  Medical

  $838,306

  Retail

  $1,260,675

Location Insight

City

Sherwood

County

Pulaski

State

Arkansas

Latitude

34.8317

Longitude

-92.1924

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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