Property profile

601 Whitney Rnch Dr Henderson, NV 89014

OFF-MARKET
Car washes
Property ID
US62-0485711
1,260 SF 1.39 ac lot Built 2023
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents the chance to acquire a fee-simple interest (land and building) in a brand-new Take 5 Oil Change located in Henderson, Nevada. The property boasts a 1,700 square foot building on a 0.58-acre lot, constructed in 2023, and operating under a 15-year absolute NNN lease with a strong franchisee tenant. The lease includes three 5-year renewal options, each with a 10% rent increase, ensuring consistent income growth and inflation protection. The property enjoys a 100% occupancy rate, generating a current NOI of $165,000 and a 5.51% cap rate. The asking price is $2,995,000, translating to $1,761.76 per square foot. This prime location at 601 Whitney Ranch Dr, Henderson, NV 89014, benefits from high visibility at a signalized intersection with excellent access to Interstate 515, a major thoroughfare. The surrounding area features a dense retail corridor including the Galleria at Sunset mall and numerous national retailers, creating strong tenant synergy and a large consumer base. The 5-mile trade area boasts over 337,000 residents and 135,000 employees, with an average household income of $97,445. The property is zoned Community Commercial (CC) and has an APN of 178-04-614-006. This is a truly passive investment opportunity with zero landlord responsibilities.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 2023
Construction FRAME
Total area 1,260 SF
Lot 1.39 ac (60,548 SF)
APN 178-04-614-006
UPID US62-0485711

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
  • Orthotics & Prosthetics Service Medical Equipment Manufacturer
  • Dental Office
  • Dental Office
  • Dental Office
  • Marriage Or Relationship Counselor

Location

601 Whitney Rnch Dr Henderson, NV 89014-2642
Henderson metro Census 5110 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$195k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

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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