601 Whitney Ranch DrHenderson, NV 89014

Property Details for 601 Whitney Ranch Dr

Year built

2023

Construction

FRAME

Lot size

1.39 AC

Property size (Sq ft)

1,260 SF

Property type

Car washes

APN

178-04-614-006

APU

17804614006

Description

This exceptional investment opportunity presents the chance to acquire a fee-simple interest (land and building) in a brand-new Take 5 Oil Change located in Henderson, Nevada. The property boasts a 1,700 square foot building on a 0.58-acre lot, constructed in 2023, and operating under a 15-year absolute NNN lease with a strong franchisee tenant. The lease includes three 5-year renewal options, each with a 10% rent increase, ensuring consistent income growth and inflation protection. The property enjoys a 100% occupancy rate, generating a current NOI of $165,000 and a 5.51% cap rate. The asking price is $2,995,000, translating to $1,761.76 per square foot. This prime location at 601 Whitney Ranch Dr, Henderson, NV 89014, benefits from high visibility at a signalized intersection with excellent access to Interstate 515, a major thoroughfare. The surrounding area features a dense retail corridor including the Galleria at Sunset mall and numerous national retailers, creating strong tenant synergy and a large consumer base. The 5-mile trade area boasts over 337,000 residents and 135,000 employees, with an average household income of $97,445. The property is zoned Community Commercial (CC) and has an APN of 178-04-614-006. This is a truly passive investment opportunity with zero landlord responsibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $378,707

  6.5%

  $349,576

  7%

  $324,606

• Comparable approach

  Method

  Valuation

  Relative Method

  $262,539

  Geo Method

  $262,539

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $673,285

  Mixed-Use / Specialty

  $351,733

  Hospitality / Lodging

  $262,486

  Office

  $353,188

  Institutional / Educational

  $366,877

  Residential Income

  $429,246

  Multifamily

  $495,947

  Automotive / Energy

  $314,466

  Parking / Income-Based Land

  $105,156

  Restaurant / Food Service

  $190,202

  Healthcare / Senior Housing

  $357,205

Location Insight

City

Henderson

County

Clark

State

Nevada

Latitude

36.0642

Longitude

-115.054

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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