2210 Warm Paradise, NV 89119
- Specialty properties
- 4,814 SF
- 1.49 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 2210 Warm
- Year built
- 2024
- Lot size
- 1.49 lot acres
- Property size
- 4,814 SF
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
This exceptional 4,814 sq ft, single-story car wash in Las Vegas, NV, presents a compelling investment opportunity. Built in 2024, it boasts a 20-year absolute NNN lease with four 5-year options and a corporate guarantee from WOW Wash Midco II LLC, ensuring consistent income with 2% annual rent increases. The property sits on a 1.49-acre lot in a prime retail location at the high-traffic intersection of E Warm Springs Rd. and Eastern Ave., with approximately 70,500 vehicles passing daily. Its strategic placement near major retailers like Albertsons and Walmart, and close proximity to the CC 215 Freeway and Las Vegas' main car rental hub, guarantees high visibility and customer flow. The property's strong financial performance is reflected in its 100% occupancy, $408,000 NOI, and 6.25% cap rate. The asking price is $6,528,000. This investment qualifies for bonus depreciation, offering significant tax advantages. The Commercial General (CG) zoning ensures flexibility and future potential. The property's location serves the densely populated communities of Paradise, Green Valley, Silverado Ranch, and Whitney Ranch. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a thriving market. The property's APN is 177-02-802-003.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Paradise
- County
- State
- Nevada
- Longitude
- -115.122
- Latitude
- 36.0572
