Property profile

323 Slack St Pea Ridge, AR 72751

OFF-MARKET
Commercial land
Property ID
US05-2403534
1.13 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, 5,150-square-foot Class A car wash in Pea Ridge, Arkansas. Located on a 1.13-acre lot at 323 Slack St, 72751, this property boasts a 20-year absolute NNN lease with Splash Car Wash, a major Arkansas operator, expiring November 30, 2044. The lease includes a corporate guarantee and features favorable 2% annual rent bumps. The property generated a Net Operating Income (NOI) of $365,627 in 2024, representing an 8.00% cap rate on the $4,570,338 asking price. Built in 2024, this strategically positioned car wash benefits from high daily traffic counts exceeding 8,000 vehicles and enjoys excellent visibility along a major retail corridor. The business is situated in a rapidly growing community with robust demographics, near significant retail and housing developments. The affluent area boasts an average household income exceeding $109,000 within a 5-mile radius, further enhancing the investment's potential. The property's location offers proximity to the Walmart Global HQ and Rogers Municipal Airport, contributing to its long-term growth prospects. The investment also offers significant tax advantages through bonus depreciation. This is a service-based, internet-resistant, and recession-proof investment in a rapidly expanding $15 billion industry.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.13 ac (49,223 SF)
APN 13-03564-000
UPID US05-2403534

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash

Location

323 Slack St Pea Ridge, AR 72751
Pea Ridge metro Census 20102 FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.54M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.54M

Owner & transaction history

since 2022
Last sale
$4.5M
1 recorded transaction
2022
$580,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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