3608 E Race Ave, Searcy, AR 72143 For Sale

Marcus & Millichap is pleased to present the opportunity to acquire a multi-income investment property at 3608 East Race Avenue in Searcy, Arkansas. The acquisition includes fee simple ownership of ±2.08 acres, an established self-serve car wash business (Oasis Car Wash), a long-term Take 5 Oil Change NNN ground sublease, and an onsite icehouse. The property generates $191,132 in current EBITDA at an 8.13% yield, with projected EBITDA of $203,732 through low-cost vending additions. The Take 5 sublease provides $60,000 in annual rental income with ±14 years remaining, 10% rent increases every five years, and three (3) five-year renewal options. The car wash operates with very low labor requirements supporting absentee ownership, and its membership program generates predictable recurring revenue. The property is eligible for 100% bonus depreciation.

The property sits along East Race Avenue (U.S. Highway 64, ±18,614 VPD), one of Searcy's primary commercial corridors, with access to Interstate 57 (±22,215 VPD). Nearby retailers include Walmart, Lowe's, Academy Sports + Outdoors, and Hobby Lobby at Searcy City Center. The 5-mile trade area holds 29,815 residents with an average household income of $77,706, supported by Harding University (4,700+ enrollment) and Unity Health-White County Medical Center. Searcy, a top-10 fastest-growing community in Arkansas, is bolstered by the $93 million #MySearcy initiative and a new ALDI under construction on the adjacent Beebe Capps corridor. The Searcy MSA (79,575 residents) continues to attract investment as a regional hub for healthcare, education, and commerce.