Whistle Express Car Wash with Absolute NNN
New
For Sale
$1,820,000
8411 Phoenix Ave, Fort Smith, AR 72903
The long-term absolute net lease assigns no landlord responsibilities.
Property Size4,862 SF
Price / SF$374.33
Days on Market3
Property Features for 8411 Phoenix Ave
General Information
Standard status
Active
Size
4,862 SF
Property subtype
Car Wash
Lease Type
Absolute Net
Additional Details
Cap Rate
6%
Traffic Count
56,000 vehicles/day
Amenities
23+ Year Absolute Net Lease
Strong Corporate Guaranty | 450+ Locations
100% Bonus Depreciation | ±$1.5M
Strategic, High-Traffic Location | 56,000+ VPD
Strong Retail Trade Area
Institutional Ownership | Oaktree Capital Management
Building Details
Building Size
4,862 SF
Listed By:
Clay Brown · License #License(s): WA: 123258, ID: SP56979
(206) 826-5787
Source:
Marcusmillichap
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:37AM
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 Clay Brown
Investment Insights
Based on property information with market context.
Whistle Express operates the car wash at 8411 Phoenix Ave in Fort Smith, Arkansas. The property is subject to an absolute net lease with more than 23 years remaining and no landlord responsibilities. Express Wash Intermediate, LLC, a parent entity of Whistle Express, guarantees the lease.
Whistle Express has 450+ locations across 23 states. The property is near two signalized intersections and retailers including Walmart, Lowe’s, TJ Maxx, Ross, ALDI, and Walgreens.
Whistle Express has 450+ locations across 23 states. The property is near two signalized intersections and retailers including Walmart, Lowe’s, TJ Maxx, Ross, ALDI, and Walgreens.
Key Highlights
- Absolute net lease with more than 23 years remaining
- No landlord responsibilities under the lease
- Lease guarantee from Express Wash Intermediate, LLC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,087
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,740
$1.0M
Cap Rate 7%
$729,814
$729.8K
Cap Rate 9%
$567,633
$567.6K
Market Conditions
NOI Build-Up for 4,862 SF
Gross rent
$72.9K $15.00/SF
− Vacancy
−$4.8K −$0.99/SF
EGI
$68.1K $14.01/SF
− OpEx
−$17.0K −$3.50/SF
NOI
$51.1K $10.51/SF
Area
Sebastian County, AR
Vacancy
6.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,740
Cap Rate 7%
$729,814
Cap Rate 9%
$567,633
Alternative Uses
Best Use
Specialty Retail
$729.8K
$638.6K – $851.5K
NOI $51,087 @ 7.0% cap · market cap 2.81%
Second Best
Retail
$544.9K
$476.8K – $635.8K
NOI $38,145 @ 7.0% cap · market cap 2.10%
Theoretical Best
Healthcare Medical
$1.03M
$905.1K – $1.21M
NOI $72,411 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
56,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
440k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Superstores 31%
Apparel 16%
Shops & Services 12%
Walmart
Superstores
138,053 visits/mo
0.4 miles
T.J. Maxx
Apparel
64,180 visits/mo
0.2 miles
McDonald's
Dining
30,704 visits/mo
0.2 miles
Murphy USA
Shops & Services
26,055 visits/mo
0.2 miles
Aldi
Groceries
17,976 visits/mo
0.1 miles
Demographics for 72903, AR
25,225
Population
12,079
Households
2.1
Avg Household Size
41
Median Age
33%
College-Educated
91%
High-School Grad
16.2 sq mi
ZIP Area
1,557
Density / Sq Mi
$60,186
Median Household Income
$36,560
Median Earnings
$804
Median Rent
$216,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - The long-term absolute net lease assigns no landlord responsibilities.
Where is this car wash located?
The property is located at 8411 Phoenix Ave Fort Smith, AR.
What is the asking price?
The asking price for this property is $1,820,000.
What are key features of this property?
This property features: Absolute net lease with more than 23 years remaining; No landlord responsibilities under the lease; Lease guarantee from Express Wash Intermediate, LLC
