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34277329

601 N 2nd St, Heber Springs, AR 72543 For Sale

RN
01324570
Marcus & Millichap - Los Angeles
ST
CA 02443927
Listed by Marcus & Millichap - Los Angeles
$3,525,000
10 days on market
Updated 3 days ago

Super Splash Car Wash | Biz + Real Estate | $286K EBITDA

Details
Property Type Special Purpose
Sub Type Car Wash
Square Footage 3,364
NOI $286,257
Tenancy Single
Brand/Tenant Bluewave Car Wash, Mister Car Wash (+5)
Year Built 2000
Buildings 1
Acreage 1.200
Investment Type Value Add
Ground Lease No
Ownership Fee Simple

Special Purpose | 3,364 SqFt

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire Super Splash Car Wash, an established operating business and fee simple real estate located at 601 N 2nd Street in Heber Springs, Arkansas. Founded in 2000, the ±3,364-square-foot facility sits on ±1.20 acres and features two automatic wash bays and four self-service bays, supported by an unlimited membership program with a branded mobile app utilizing license plate recognition technology. The business produces approximately $286,257 in current annual EBITDA at an 8.12% yield on the $3,525,000 asking price, with a clear value-add path to approximately $333,208 in projected EBITDA through $27,000 in additions including six additional vacuums, a towel and supply vending machine, and a water and soda vending machine. The property is eligible for 100% bonus depreciation under IRC Section 168(k), as permanently restored by the OBBBA, subject to buyer confirmation with a qualified tax advisor.

The subject property fronts North 2nd Street, the primary commercial corridor serving Heber Springs, carrying approximately 14,001 vehicles per day, with direct access to Greers Ferry Lake and the broader Cleburne County trade area. Nearby national co-tenants include Walmart, McDonald's, Burger King, Taco Bell, Arby's, Dollar Tree, O'Reilly Auto Parts, and Casey's. The trade area is anchored by Baptist Health Medical Center-Heber Springs and Heber Springs High School (483 students), with major employers including Dark Threat Fabrication and Mayville Engineering Company (MEC), which together represent over $10 million in recent capital investment and 145 new manufacturing jobs in Cleburne County. The 5-mile demographic ring supports 11,274 residents with an average household income of $84,594, bolstered by year-round tourism traffic from Greers Ferry Lake, the Little Red River, and Sugarloaf Mountain.

Investment highlights

  • Super Splash Car Wash | Business + Fee Simple Real Estate | $3,525,000 | Heber Springs, AR
  • Founded 2000 | 25+ Years Operating History | Recognized Local Brand | KATV (ABC) Featured Facility
  • $286,257 Current EBITDA | 8.12% EBITDA Yield | Recurring Membership Revenue | Branded Mobile App
  • 2 Automatic Bays + 4 Self-Serve Bays | License Plate Recognition | Unlimited Membership Program
  • Value-Add Projections: $333,208 EBITDA at 9.45% Yield w/ $27,000 in Additions (Projected 7-Mo. ROI: 14.49%)
  • Value-Add Additions Include: 6 Additional Vacuums | Towel & Supply Vending | Water & Soda Vending

Listing Contacts

RN
01324570
Marcus & Millichap - Los Angeles
ST
CA 02443927
Listed by Marcus & Millichap - Los Angeles

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$286,257.00
$23,854.75/mo

Valuation Metrics

0
DSCR
8.12%
Cap Rate
8.12%
ROI

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Additional Information

Name
Steve Greer
License
PB00098133
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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