This exceptional investment opportunity presents a 2,890 square foot, single-tenant, absolute NNN leased car wash located at 2110 N Carson St, Carson City, NV 89706. The property, built in 2022, boasts a strong 5.99% cap rate and a substantial NOI of $221,498. Situated on a 0.79-acre lot in a prime retail corridor, the car wash benefits from high visibility and proximity to major retailers including McDonald's, CVS, Grocery Outlet, Anytime Fitness, and Wendy's, as well as the Carson City Airport (less than 3 miles away). The property features two wash lanes and ten vacuum stations. The current lease, with an established tenant, has 19.2 years remaining and includes annual rent bumps of 1.50%, ensuring consistent passive income growth. The tenant, Sierra Express Car Wash, is part of the expanding Raceway Express Car Wash group, operating 11 locations across Nevada and California. This car wash qualifies for bonus depreciation, offering additional tax advantages. The property's location on key transportation routes, I-580 and US 50, provides excellent access to Reno, Lake Tahoe, and other parts of Nevada and California, contributing to a growing market. The asking price is $3,700,000. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a thriving market.
Highlights
Raceway Express Car Wash, a 39-location operator, owns this Sierra Express Car Wash location.
Bonus depreciation is available on this car wash, offering significant tax advantages.
This 2022-built car wash features two wash bays and ten vacuum stations.
Located on a prime Carson City retail corridor near McDonald's, CVS, Grocery Outlet, Anytime Fitness, Wendy's, and the airport (under 3 miles).
A new 15-year Absolute NNN lease with 1.5% annual rent increases provides passive income.
The Carson City location benefits from its proximity to Reno and Lake Tahoe, and its access to I-580 and US 50.
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Contacts
David Harrington
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2110 Carson St, Carson City, Nevada, 89706
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2110 Carson St
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