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208 Willie Ray Dr Cabot, AR 72023

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For Sale
$4,872,000

New construction car wash with a 20-year NNN lease.

Property size:
5,360 SF
Lot size:
4.15 Acres

Property Features for 208 Willie Ray Dr

General Information

Size
5,360 SF
Lot size
4.15 Acres

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Listing Contact
Mason Lewis, Ccim, Sior
Source: Moodyscre

Listing Agent: Mason Lewis, Ccim, Sior

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

New Car Wash NNN Lease

This property features a brand new construction completed in 2021, designed as a single-tenant, absolute NNN leased investment with a 20-year base term. It operates as a Splash Tunnel (Express Car Wash). The absolute net lease structure ensures zero landlord responsibilities. The lease includes a full-term personal and corporate guaranty from a guarantor with a net worth exceeding $25 million. The lease has a 20-year term with two 5-year options and 1.5% annual rental escalations. This fee simple investment includes both the land and building, making it a depreciable asset. The tenant has over 20 years of successful operational history, with more than 13 locations in Arkansas and is continuing to grow. Splash is a high-volume business, with over 15,000 unlimited wash members and performs over 700,000 washes annually. The property benefits from strong access points and visibility due to its central location. Demographically, the area includes over 43,120 residents within a 5-mile radius, with an average household income exceeding $78,127 within the same radius. The property size is 5,360 square feet.
Location Intelligence

Current Use by Public Records

Splash Car Wash ... Oil Change Service Splash 10-Minute Oil ... Car Wash Splash Express Oil ... Oil Change Service

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Cabot
County
Lonoke
State
Arkansas
Longitude
-92.032454
Latitude
34.981741

FAQs

What type of property is this?
Car wash - New construction car wash with a 20-year NNN lease.
Where is this car wash located?
The property is located at 208 Willie Ray Dr Cabot, AR.
What is the asking price?
The asking price for this property is $4,872,000.
What are key features of this property?
This property features: - Absolute NNN Lease with Zero Landlord Responsibilities and a 20-Year Base Term.; - Full Term Personal and Corporate Guaranty from a $25+ Million Net Worth Guarantor.; - Brand New 2021 Construction of a Splash Tunnel (Express Car Wash).
More about this property
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