Property profile

3610 Kiehl Ave Sherwood, AR 72120

OFF-MARKET
Office buildings
Property ID
US05-0940402
5,845 SF 0.94 ac lot
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, 5,968 square foot Class A car wash in Sherwood, Arkansas. Located on a 0.98-acre lot at 3610 E Kiehl Ave, 72120, this property boasts a 20-year absolute NNN lease with Splash Car Wash, the largest and fastest-growing car wash operator in Arkansas, providing a corporate guarantee. The lease features a 7.75% cap rate and a strong NOI of $368,330, with annual rent bumps of 2%. Built in 2023, this high-quality construction benefits from excellent visibility and accessibility, situated along a major retail corridor with daily traffic exceeding 22,000 vehicles and close proximity to US Highway-167 (81,000+ VPD). The property is ideally positioned to serve a densely populated affluent area with an average household income exceeding $85,000 within a 3-mile radius and over 80,000 residents within a 5-mile radius. The lease expires November 30, 2044, offering long-term stability and significant tax advantages through bonus depreciation. This recession-resistant, service-based investment presents a compelling opportunity for passive income generation in a rapidly growing industry. The tenant, Splash Car Wash, boasts over 40,000 members and performs 750,000+ washes annually. This is a fee simple ownership opportunity with substantial long-term growth potential.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Total area 5,845 SF
Lot 0.94 ac (40,946 SF)
APN 23S-008-00-020-00
UPID US05-0940402

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

3610 Kiehl Ave Sherwood, AR 72120-3384
Sherwood metro Census 3704 LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2022
Last sale
$369,000
1 recorded transaction
2022
$369,000

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3610 Kiehl Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message