3610 Kiehl Ave Sherwood, AR 72120-3384

Property Details for 3610 Kiehl Ave

Lot size

0.94 lot acres

Property size

5,845 SF

Property type

Office buildings

APN

23S-008-00-020-00

APU

23S0080002000

Description

This exceptional investment opportunity presents a brand-new, 5,968 square foot Class A car wash in Sherwood, Arkansas. Located on a 0.98-acre lot at 3610 E Kiehl Ave, 72120, this property boasts a 20-year absolute NNN lease with Splash Car Wash, the largest and fastest-growing car wash operator in Arkansas, providing a corporate guarantee. The lease features a 7.75% cap rate and a strong NOI of $368,330, with annual rent bumps of 2%. Built in 2023, this high-quality construction benefits from excellent visibility and accessibility, situated along a major retail corridor with daily traffic exceeding 22,000 vehicles and close proximity to US Highway-167 (81,000+ VPD). The property is ideally positioned to serve a densely populated affluent area with an average household income exceeding $85,000 within a 3-mile radius and over 80,000 residents within a 5-mile radius. The lease expires November 30, 2044, offering long-term stability and significant tax advantages through bonus depreciation. This recession-resistant, service-based investment presents a compelling opportunity for passive income generation in a rapidly growing industry. The tenant, Splash Car Wash, boasts over 40,000 members and performs 750,000+ washes annually. This is a fee simple ownership opportunity with substantial long-term growth potential.