Listed by NAI Heartland
$5,634,063
Splash
Details
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 5,968
Cap Rate 6.75%
NOI $380,299
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/31/2042
Remaining Term 16.5
Rent Bumps Yes
Lease Options 2
Price per SqFt $944
Broker Co-Op Yes
Class A
Year Built 2022
Buildings 1
Stories 1
Acreage 1.920
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2023
Occupancy Date 01/01/2022
Retail | 6.75% CAP | 5,968 SqFt
Marketing description
Hard corner location, across from Wal-Mart on the main retail corridor of Russellville. Strong performing location and a car wash company that focuses only on Arkansas. Qualifies for Bonus Depreciation (Talk with an accountant for how that works for you)
Investment highlights
Both a Corporate and Personal Guarantee, annual increases, beautiful newer construction and a high performing location. This is a great property today and in the future!
Listing Contacts
Listed by NAI Heartland
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$380,299.00
$31,691.58/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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Tax History
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