Self-Service Car Wash
For Sale
$2,350,000
3608 E Race Ave, Searcy, AR 72143
Fee simple ownership includes an onsite icehouse and a Take 5 Oil Change NNN ground sublease.
Property Size88,000 SF
Price / SF$26.70
Days on Market48
Property Features for 3608 E Race Ave
General Information
Standard status
Active
Size
88,000 SF
Property subtype
Car Wash
Amenities
Fee Simple Multi-Income Acquisition: Established Car Wash Business, Take 5 NNN Ground Sublease, and Onsite Icehouse
$191,132 Current EBITDA at an 8.13% Yield | Projected $203,732 w/ Low-Cost Vending Additions
Take 5 Oil Change NNN Ground Sublease: ±14 Years Remaining | $60,000 Annual Rent | 10% Bumps/5 Yrs
Very Low-Labor, Absentee Ownership Operation w/ Recurring Membership Revenue 100% Bonus Depreciation Eligible | ±2.08 Acre Fee Simple Site
Building Details
Building Size
88,000 SF
Listing Agency:
Los Angeles Office
(310) 909-5426
Listed By:
Rob Narchi · License #License(s): CA: 01788517, CA: 01324570
(310) 909-5426
Source:
Marcusmillichap
Added: Jul 15
Changed: Aug 30
Last Checked: Aug 30 at 9:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Los Angeles Office
Investment Insights
Based on property information with market context.
This fee simple property combines an established self-service car wash business, a Take 5 Oil Change NNN ground sublease, and an onsite icehouse across approximately 2.08 acres. The car wash includes a membership program and operates with limited labor requirements. The property carries an 8.13% yield, while the ground sublease has approximately 14 years remaining, 10% rent increases every five years, and three five-year renewal options.
Located along East Race Avenue, identified as U.S. Highway 64, the property benefits from a commercial corridor with approximately 18,614 VPD. Access to Interstate 57, carrying approximately 22,215 VPD, connects the site with broader Searcy traffic patterns. Nearby retail destinations include Walmart, Lowe's, Academy Sports + Outdoors, and Hobby Lobby at Searcy City Center.
Located along East Race Avenue, identified as U.S. Highway 64, the property benefits from a commercial corridor with approximately 18,614 VPD. Access to Interstate 57, carrying approximately 22,215 VPD, connects the site with broader Searcy traffic patterns. Nearby retail destinations include Walmart, Lowe's, Academy Sports + Outdoors, and Hobby Lobby at Searcy City Center.
Key Highlights
- Approximately 2.08‑acre fee simple property with self‑service car wash, Take 5 Oil Change sublease, and onsite icehouse
- Established Oasis Car Wash business with membership program
- Take 5 Oil Change NNN ground sublease has approximately 14 years remaining
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
531k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Superstores 23%
Shops & Services 13%
Home Improvements & Furnishings 12%
Walmart
Superstores
105,593 visits/mo
0.3 miles
Chick-fil-A
Dining
42,951 visits/mo
0.1 miles
Casey's General Store
Shops & Services
35,439 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
34,674 visits/mo
0.2 miles
McDonald's
Dining
27,826 visits/mo
0.1 miles
Demographics for 72143, AR
35,111
Population
14,948
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
89%
High-School Grad
302.1 sq mi
ZIP Area
116
Density / Sq Mi
$55,522
Median Household Income
$33,315
Median Earnings
$851
Median Rent
$176,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Fee simple ownership includes an onsite icehouse and a Take 5 Oil Change NNN ground sublease.
Where is this self service car wash located?
The property is located at 3608 E Race Ave Searcy, AR.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Approximately 2.08‑acre fee simple property with self‑service car wash, Take 5 Oil Change sublease, and onsite icehouse; Established Oasis Car Wash business with membership program; Take 5 Oil Change NNN ground sublease has approximately 14 years remaining
