WOW Carwash - Blue Diamond & Durango
20-Year Absolute NNN Lease
Marketing description
Colliers is pleased to present an exclusive opportunity to acquire ownership of a STNL WOW Carwash in the Las Vegas, NV MSA. The property benefits from a new 20-Year Absolute NNN lease and qualifies for 100% bonus depreciation – allowing investors tremendous tax savings in Year 1 of ownership.
The property is well positioned at the hard corner signalized intersection of Blue Diamond Rd. and S Durango Dr., with traffic counts in excess of ±78,700 VPD. The property is located within the highly desirable Blue Diamond retail corridor, with nearby national co-tenants including Albertsons, Planet Fitness, ROSS, Starbucks, Circle K, Maverick, Walgreens, Chevron, McDonald’s, Liquor World, Tire Works, Take 5 Oil Change and more! The asset benefits from a daytime population of ±202,039 consumers within 5-miles.
The property services a dense and mature trade area consisting of ±243,891 residents with an average annual household income of ±$133,884 within a 5-mile radius. The site is located within the Mountain’s Edge master planned community (±12,500 homes on ±3,500 AC) and is surrounded by affluent residential neighborhoods, including Southern Highlands. Additional infill of developed nearby housing communities, including the new Ironwood by Century located immediately north of the site, adding 105 single-family homes to the trade area.
Investment highlights
20-Year Absolute NNN Lease | Corporate Guarantee
- 20-Year NNN lease with four 5-year options
- 2% annual rental increases starting in Year 7, including options
- WOW Wash Midco II, LLC Corporate Guarantee
- 21 Carwashes in Operation with significant expansion underway throughout the Las Vegas MSA
- Backed by Garnett Station Partners, with $4.0B in assets under management
High Traffic Intersection | Prime Retail Location
- Strategically located on Blue Diamond Rd. and Durango Dr. carrying ±78,700 VPD
- Over 282 feet of frontage on Blue Diamond Rd. and 330 feet of frontage on Durango Dr.
- Blue Diamond Rd. serves as the main east-west arterial into the affluent Mountain’s Edge and Southern Highlands neighborhoods
- Join nearby national co-tenants: Albertsons, Planet Fitness, ROSS, Starbucks, Circle K, Maverick, Walgreens, Chevron, McDonald’s, Liquor World, Tire Works, Take 5 Oil Change and more!
Qualifies For 100% Bonus Deprecation | Unique Tax Advantages
- Qualifies for 100% Bonus Depreciation - Consult with your accountant for more details
- As of July 4th, Bonus Depreciation was reset to 100% for 2025 and beyond
- Nevada, as a state, has no income tax
Dense & Mature Demographics | Strong Daytime Population
- The site benefits from a daytime population of ±202,039 consumers within 5-miles
- Surrounded by 12,500 residences within the Mountain’s Edge master planned community
- Located in a mature and dense trade area with ±243,891 residents with average household incomes of ±$133,884 within a 5-mile radius
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