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    Property profile & analytics
    OFF-MARKET Estimated value $4,540,000
    Commercial land

    323 Slack St, Pea Ridge, AR 72751

    1.13 ac lot
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US05-2403534
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Splash Car Wash Car Wash
    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
    Splash Pea Ridge LLC · 3 yrs held
    Splash Pea Ridge LLC
    since 2022
    Last sale
    $4.5M
    1 recorded transaction
    2022
    $580,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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