46 Stephanie St Henderson, NV 89074
- Commercial real estate
- 1.75 lot acres
Current Use by Public Records
- WOW Carwash - N. Stephanie / Car Wash
Property Details for 46 Stephanie St
- Year built
- 2002
- Lot size
- 1.75 lot acres
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,010,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,115,000
- 6.5%
- $3,335,000
- 7%
- $3,500,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,495,000
- Geo Method
- $3,215,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,345,000
- Retail
- $3,970,000
- Mixed-Use
- $4,110,000
- Hospitality
- $3,070,000
- Educational
- $4,035,000
- Residential Income
- $3,395,000
- Energy
- $3,690,000
- Income-Based Land
- $3,515,000
- Food Service
- $4,270,000
Location Insight
- Map
- Local Demand
- City
- Henderson
- County
- Clark
- State
- Nevada
- Longitude
- -115.046
- Latitude
- 36.0323
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
