Splash Oil & Lube
6.25% Cap Rate | Absolute NNN | 15.9 Years Remaining + 1.5% Annual Increases
Marketing description
Splash Cabot Oil Change – Absolute NNN | 6.25% Cap | Long-Term Lease
$2,368,386 | 6.25% Cap Rate
For sale is a high-quality, single-tenant absolute NNN-leased express oil change facility at 208 Willie Ray Drive, Cabot, Arkansas 72023. This modern 2,265 sq ft purpose-built lube center sits on 1.27 acres and is fully leased to Clean Tech Ventures, LLC (an affiliate of the established regional Splash Car Wash & Oil Change platform).
The tenant is operating under a 20-year absolute NNN lease that commenced March 1, 2022 and expires February 28, 2042 (approximately 15.9 years of primary term remaining). The lease includes 1.5% annual rent escalations, 100% tenant responsibility for taxes, insurance, maintenance, roof, HVAC, and utilities, plus personal guarantees from Paul and Lisa Stagg. Tenant also has two additional 5-year renewal options that are automatically exercised.
Located in one of Central Arkansas’ fastest-growing markets, the property benefits from excellent visibility and traffic counts on Willie Ray Drive. The express oil change use is defensive, essential, and benefits from strong operational crossover with the adjacent Splash Car Wash.
This is an ideal 1031-exchange or net-lease investment offering stable cash flow, predictable annual rent growth, and minimal management in a high-barrier-to-entry automotive service asset.
Investment highlights
- Absolute NNN Single-Tenant Lease — True triple-net with zero landlord responsibilities
- Asking Price: $2,368,386 (6.25% Cap Rate)
- Long-Term Lease: 20-year initial term (commenced March 1, 2022) with ~15.9 years remaining through February 28, 2042
- Built-in Rent Growth: 1.5% annual escalations
- Strong Personal Guaranty: Paul & Lisa Stagg (principals of Splash Car Wash / Oil Change)
- Two 5-Year Renewal Options — Automatically exercised unless 180 days’ notice
- 2,265 SF Purpose-Built Express Oil Change Facility on 1.27 acres
- Prime Cabot, AR Location — High-visibility on Willie Ray Drive in one of the fastest-growing suburbs of the Little Rock MSA
- Defensive Essential Service — Recession-resistant quick-service automotive business with strong brand synergy to adjacent Splash Car Wash
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