323 Slack St Pea Ridge, AR 72751

Property Details for 323 Slack St

Lot size

1.13 lot acres

Property type

Commercial land

APN

13-03564-000

APU

1303564000

Description

This exceptional investment opportunity presents a brand-new, 5,150-square-foot Class A car wash in Pea Ridge, Arkansas. Located on a 1.13-acre lot at 323 Slack St, 72751, this property boasts a 20-year absolute NNN lease with Splash Car Wash, a major Arkansas operator, expiring November 30, 2044. The lease includes a corporate guarantee and features favorable 2% annual rent bumps. The property generated a Net Operating Income (NOI) of $365,627 in 2024, representing an 8.00% cap rate on the $4,570,338 asking price. Built in 2024, this strategically positioned car wash benefits from high daily traffic counts exceeding 8,000 vehicles and enjoys excellent visibility along a major retail corridor. The business is situated in a rapidly growing community with robust demographics, near significant retail and housing developments. The affluent area boasts an average household income exceeding $109,000 within a 5-mile radius, further enhancing the investment's potential. The property's location offers proximity to the Walmart Global HQ and Rogers Municipal Airport, contributing to its long-term growth prospects. The investment also offers significant tax advantages through bonus depreciation. This is a service-based, internet-resistant, and recession-proof investment in a rapidly expanding $15 billion industry.

Location Insight

City

Pea Ridge

County

Benton

State

Arkansas

Longitude

-94.1207

Latitude

36.4417

CBSA code

22220

CBSA name

FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments