46 Stephanie StHenderson, NV 89074

Property Details for 46 Stephanie St

Year built

2002

Lot size

1.75 AC

Property type

Other commercial real estate

APN

178-15-310-004

APU

17815310004

Description

Exceptional investment opportunity: a 2024-built, 4,742 sq ft car wash in Henderson, NV. This single-tenant property boasts a 20-year absolute NNN lease with four 5-year options and a corporate guarantee from WOW Wash Midco II, LLC, a company operating 12 car washes with plans for future expansion. The lease includes a 2% annual rental increase throughout the base term and options, generating a strong NOI of $369,750 and a 6.25% cap rate. Located on a 1.75-acre lot at the high-traffic intersection of N. Stephanie St. and Wigwam Pkwy. (combined traffic exceeding 36,780 vehicles per day), this property benefits from excellent visibility and access. The site is less than a mile from the 215 CC Beltway (approximately 159,000 vehicles per day), providing significant exposure. Surrounded by strong co-tenants including RC Wiley Furniture, Lamps Plus, and several restaurants and banks, this car wash serves a dense and affluent population (approximately 308,462 residents within a 5-mile radius, with an average household income exceeding $105,347). The property is zoned Community Commercial (CC) and qualifies for bonus depreciation, offering significant tax advantages. With 100% occupancy and a prime location in the desirable Stephanie retail corridor, this is a compelling investment opportunity with significant long-term potential. The property's APN is 178-15-310-004.

• Alternative Use

  Use

  Valuation

  Residential

  $23,378,954

  Hospitality

  $21,414,996

  Educational

  $17,817,024

  Medical

  $18,429,780

  Retail

  $27,715,372

Location Insight

City

Henderson

County

Clark

State

Nevada

Latitude

36.0323

Longitude

-115.046

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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