250 Centerton BlvdCenterton, AR 72719

Property Details for 250 Centerton Blvd

Lot size

1.59 AC

Property size (Sq ft)

9,892 SF

Property type

Commercial land

APN

06-00137-000

APU

600137000

Description

This exceptional investment opportunity presents a brand-new, 5,968 square-foot Class A car wash in Centerton, Arkansas. Located at 250 E Centerton Blvd, this property boasts a 20.2-year absolute NNN lease with Splash Car Wash, a major Arkansas operator, providing a corporate guarantee. The lease features favorable 1.5% annual rent bumps, ensuring consistent income growth. With a 7.00% cap rate and a strong NOI of $416,500, this investment offers significant returns. Built in 2025 on a 1.59-acre lot, the car wash benefits from its prime location along a high-traffic retail corridor, exceeding 24,000 vehicles daily. The property is situated in a rapidly growing area with robust demographics, including an average household income exceeding $121,000 within a 3-mile radius and over 80,000 residents within a 5-mile radius. Its proximity to the Walmart Global HQ and Bentonville Municipal Airport further enhances its appeal. The recession-resistant nature of the car wash industry, coupled with the significant tax advantages of bonus depreciation, makes this a compelling investment opportunity. The asking price is $5,950,000.

• Alternative Use

  Use

  Valuation

  Residential

  $987,006

  Hospitality

  $904,092

  Educational

  $752,194

  Medical

  $778,063

  Retail

  $1,170,080

Location Insight

City

Centerton

County

Benton

State

Arkansas

Latitude

36.3589

Longitude

-94.283

CBSA code

22220

CBSA name

FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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