250 Centerton Blvd Centerton, AR 72719-9240
- Commercial land
- 9,892 SF
- 1.59 lot acres
Current Use by Public Records
- Amanda Deppner / Counselor
- Stacey Kirk / Social Worker
- Nathaniel L. Crider, BA / Counselor
- Angela B. Tucker, MA / Counselor
- Cassie Crossno / Counselor
Property Details for 250 Centerton Blvd
- Lot size
- 1.59 lot acres
- Property size
- 9,892 SF
- Property type
- Commercial land
- APN
- 06-00137-000
- APU
- 600137000
Description
This exceptional investment opportunity presents a brand-new, 5,968 square-foot Class A car wash in Centerton, Arkansas. Located at 250 E Centerton Blvd, this property boasts a 20.2-year absolute NNN lease with Splash Car Wash, a major Arkansas operator, providing a corporate guarantee. The lease features favorable 1.5% annual rent bumps, ensuring consistent income growth. With a 7.00% cap rate and a strong NOI of $416,500, this investment offers significant returns. Built in 2025 on a 1.59-acre lot, the car wash benefits from its prime location along a high-traffic retail corridor, exceeding 24,000 vehicles daily. The property is situated in a rapidly growing area with robust demographics, including an average household income exceeding $121,000 within a 3-mile radius and over 80,000 residents within a 5-mile radius. Its proximity to the Walmart Global HQ and Bentonville Municipal Airport further enhances its appeal. The recession-resistant nature of the car wash industry, coupled with the significant tax advantages of bonus depreciation, makes this a compelling investment opportunity. The asking price is $5,950,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Centerton
- County
- Benton
- State
- Arkansas
- Longitude
- -94.283
- Latitude
- 36.3589
- CBSA code
- 22220
- CBSA name
- FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA
