1771 Green Acres Rd Fayetteville, AR 72703
- Specialty properties
- 5,115 SF
- 1.09 lot acres
Current Use by Public Records
- Splash Car Wash / Car Wash
Property Details for 1771 Green Acres Rd
- Year built
- 2024
- Lot size
- 1.09 lot acres
- Property size
- 5,115 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a brand-new, 5,115 square foot Class A car wash in Fayetteville, Arkansas. Located on 1.09 acres at 1771 Green Acres Rd, 72703, this property boasts a 20-year absolute NNN lease with Splash Car Wash, a major Arkansas operator, providing zero landlord obligations. The lease features a 1.5% annual rent increase, ensuring consistent income growth. The current annual net operating income (NOI) is $386,750, representing a 7.00% cap rate on the $5,525,000 asking price. Built in 2024, this high-quality construction benefits from bonus depreciation opportunities. The property enjoys excellent visibility and accessibility, situated along a major retail corridor with daily traffic exceeding 27,000 vehicles. The tenant, Splash Car Wash, is a financially strong entity with over 40,000 members and annual washes exceeding 750,000. The lease includes both personal and corporate guarantees. The location is highly desirable, within a densely populated and affluent area with an average household income exceeding $82,000 and over 116,000 residents within a 5-mile radius. Its proximity to the University of Arkansas and a VA Medical Center further enhances its long-term potential. This is a service-based, recession-resistant investment in a rapidly growing market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Washington
- State
- Arkansas
- Longitude
- -94.156
- Latitude
- 36.0858
