2251 Sahara Ave Las Vegas, NV 89104

Property Details for 2251 Sahara Ave

Year built

2024

Lot size

1.74 lot acres

Property size

4,814 SF

Property type

Commercial real estate

APN

162-01-401-014

Description

This exceptional investment opportunity presents a 2024-built, 4,814 square foot car wash located at 2251 E Sahara Ave, Las Vegas, NV 89104. The property sits on a 1.74-acre lot (APN 162-01-401-014) and boasts a prime location at the signalized intersection of Sahara Ave and Eastern Ave, experiencing combined daily traffic counts exceeding 83,850 vehicles. This single-unit car wash operates under a 20-year absolute NNN lease with a corporate guarantee from WOW Wash Midco II LLC, a company with 12 operational car washes and plans for future expansion, backed by Garnett Station Partners, managing $2.3 billion in assets. The lease includes four 5-year options and features a 2% annual rental increase. The property generates a strong net operating income (NOI) of $408,000, resulting in a 6.25% cap rate. The asking price is $6,528,000. Benefiting from its location within the Sahara Avenue auto dealership corridor, alongside major brands like Nissan, Honda, Tesla, and others, and nearby national tenants such as Sonic, Cardenas Market, and Wendy's, this car wash enjoys exceptional visibility and accessibility. The property is less than two miles from the US-95 Freeway, serving a dense population of approximately 525,823 residents within a 5-mile radius, with an average household income of approximately $61,044. The property is zoned Limited Commercial (C-1) and qualifies for bonus depreciation, offering significant tax advantages. This is a turnkey investment with exceptional potential for long-term growth and passive income.