Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    46 Stephanie St Henderson, NV 89074

    Sponsored
    For Sale
    $5,916,000

    High-ROI Car Wash, NNN Lease

    Property size:
    4,742 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity: a 2024-built, 4,742 sq ft car wash in Henderson, NV. This single-tenant property boasts a 20-year absolute NNN lease with four 5-year options and a corporate guarantee from WOW Wash Midco II, LLC, a company operating 12 car washes with plans for future expansion. The lease includes a 2% annual rental increase throughout the base term and options, generating a strong NOI of $369,750 and a 6.25% cap rate. Located on a 1.75-acre lot at the high-traffic intersection of N. Stephanie St. and Wigwam Pkwy. (combined traffic exceeding 36,780 vehicles per day), this property benefits from excellent visibility and access. The site is less than a mile from the 215 CC Beltway (approximately 159,000 vehicles per day), providing significant exposure. Surrounded by strong co-tenants including RC Wiley Furniture, Lamps Plus, and several restaurants and banks, this car wash serves a dense and affluent population (approximately 308,462 residents within a 5-mile radius, with an average household income exceeding $105,347). The property is zoned Community Commercial (CC) and qualifies for bonus depreciation, offering significant tax advantages. With 100% occupancy and a prime location in the desirable Stephanie retail corridor, this is a compelling investment opportunity with significant long-term potential. The property's APN is 178-15-310-004.

    Property Features for 46 Stephanie St

    General Information

    Property type
    Automotive properties
    Square Feet
    4,742 SF
    Lot Size
    76,230 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $5,916,000 asking price for a 4,742 SF car wash on a 1.75‑acre lot.
    • 20‑year absolute NNN lease with four 5‑year options and a corporate guaranty from WOW Wash Midco II, LLC.
    • 6.25% cap rate with a $369,750 NOI and 100% occupancy.
    • Located at a high‑traffic intersection (N. Stephanie St. and Wigwam Pkwy.) near the 215 Beltway, with strong surrounding retail and high‑density residential.
    • Qualifies for bonus depreciation and benefits from Nevada's no‑income‑tax status.
    Property Profile Location Intelligence

    Current Use by Public Records

    WOW Carwash - N. ... Car Wash

    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
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.045636
    Latitude
    36.032316

    Nearby Similar for Sale

    • $260,000
      Pending

      Furnished Condo with Mountain Views

      Upscale Lake Las Vegas condo with mountain and village views.
      30 Strada Di Villaggio, Henderson, NV 89011
      View Details
    • New
      $204,900
      479 SF

      Henderson High-Rise Resort Living

      Condo with lake, mountain, and golf course views.
      29 Montelago Blvd, Henderson, NV 89011
      View Details
    • $415,000
      1,268 SF

      Lake Las Vegas Luxury Condo

      Renovated condo with lake views and resort-style amenities.
      30 Strada Di Villaggio, Henderson, NV 89011
      View Details
    • $499,888
      1,566 SF

      Furnished Condo with Lake Views

      Spacious, fully furnished 3-bedroom condo with resort-style amenities.
      30 Strada Di Villaggio, Henderson, NV 89011
      View Details
    • New
      $338,888
      967 SF

      Viera Condominiums Furnished Unit

      Upgraded, furnished 2-bedroom condo in Lake Las Vegas resort community.
      30 Strada Di Villaggio, Henderson, NV 89011
      View Details
    • New
      $349,000
      Pending

      Furnished Condo in Lake Las Vegas

      Remodeled 2-bedroom condo near elevator, garage, and gym.
      30 Strada Di Villaggio, Henderson, NV 89011
      View Details
    • $272,000
      735 SF

      Lake Las Vegas Condo with Views

      Top-floor condo in Lake Las Vegas with resort-style amenities.
      30 Strada Di Villaggio, Henderson, NV 89011
      View Details
    • $220,000
      674 SF

      Condo with Lake Las Vegas Views

      One-bedroom condo with stunning views and resort-style amenities.
      30 Strada Di Villaggio, Henderson, NV 89011
      View Details
    • $340,000
      889 SF

      Lake Las Vegas Condo with Views

      Two-bedroom condo with lake and village views in Henderson.
      30 Strada Di Villaggio, Henderson, NV 89011
      View Details
    • New
      $165,000
      Pending

      Luxury Studio in Lake Las Vegas

      Remodeled, fully furnished studio near the village and lake.
      30 Strada Di Villaggio, Henderson, NV 89011
      View Details
    • $199,000
      Pending

      Furnished Unit with Lake Views

      Furnished unit in Lake Las Vegas with mountain and lake views.
      29 Montelago Blvd, Henderson, NV 89011
      View Details
    • $299,900
      572 SF

      Viera Condo with Mountain View

      One-bedroom condo in Henderson with mountain views and included utilities.
      30 Strada Di Villaggio, Henderson, NV 89011
      View Details

    FAQs

    What type of property is this?
    Automotive property - High-ROI Car Wash, NNN Lease
    Where is this automotive property located?
    The property is located at 46 Stephanie St Henderson, NV.
    What is the asking price?
    The asking price for this property is $5,916,000.
    What are key features of this property?
    This property features: $5,916,000 asking price for a 4,742 SF car wash on a 1.75-acre lot.; 20-year absolute NNN lease with four 5-year options and a corporate guaranty from WOW Wash Midco II, LLC.; 6.25% cap rate with a $369,750 NOI and 100% occupancy.
    Request Owner's contact information
    46 Stephanie St Henderson, NV 89074
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    46 Stephanie St
    Henderson, NV 89074
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    46 Stephanie St Henderson, NV 89074
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.