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2110 Carson - Sierra Express Car Wash 2,790 SF Specialty Building Offered at $3,895,000 at a 5.69% Cap Rate in Carson City, NV 89706
INVESTMENT HIGHLIGHTS
- Absolute NNN Longterm Lease 17+ years remaining on a 20-year lease with 1.5% annual rent increase. Along with 5, 5- year renewal options
- Growing Market Carson City is the Capital city of Nevada with a growing population, strong regional economy and strategically located near Reno/Tahoe
- Expanding Operator Under parent company Raceway Express Car Wash is a rapidly expanding operator
- Location! N. Carson St. is a primary commercial artery with high traffic counts, excellent visibility, and direct access to major retail, dining,
- Newer Construction Constructed in 2022 featuring 2 lanes and 10 vacuum stations.
- Qualify for Bonus Depreciation
EXECUTIVE SUMMARY
Sierra Express Car Wash presents an exceptional opportunity to acquire a newly constructed, absolute NNN-leased investment in the heart of Carson
City, Nevada. The property is leased to Sierra Express Car Wash, a brand operated by the rapidly expanding Raceway Express Car Wash Company,
which boasts a growing portfolio of over 45 locations throughout the Southwest.
The site, constructed in 2022, features a modern ±2,890 SF building on a ±0.79-acre parcel with excellent frontage along North Carson Street, a
major commercial corridor with strong traffic counts. The lease commenced on December 31, 2022, and offers 20 years of primary term with 1.5%
annual rent increases and five (5) 5-year renewal options, also with annual escalations—providing reliable income growth and long-term stability.
The lease is structured as Absolute Triple Net (NNN), meaning the tenant is responsible for all expenses, including real estate taxes, insurance,
utilities, repairs, roof, and structure, offering zero landlord responsibilities.
With passive, inflation-hedged income backed by a seasoned operator and strong real estate fundamentals, Sierra Express Car Wash is an ideal asset
for investors seeking a stable, low-risk, long-term hold with potential for bonus depreciation.
City, Nevada. The property is leased to Sierra Express Car Wash, a brand operated by the rapidly expanding Raceway Express Car Wash Company,
which boasts a growing portfolio of over 45 locations throughout the Southwest.
The site, constructed in 2022, features a modern ±2,890 SF building on a ±0.79-acre parcel with excellent frontage along North Carson Street, a
major commercial corridor with strong traffic counts. The lease commenced on December 31, 2022, and offers 20 years of primary term with 1.5%
annual rent increases and five (5) 5-year renewal options, also with annual escalations—providing reliable income growth and long-term stability.
The lease is structured as Absolute Triple Net (NNN), meaning the tenant is responsible for all expenses, including real estate taxes, insurance,
utilities, repairs, roof, and structure, offering zero landlord responsibilities.
With passive, inflation-hedged income backed by a seasoned operator and strong real estate fundamentals, Sierra Express Car Wash is an ideal asset
for investors seeking a stable, low-risk, long-term hold with potential for bonus depreciation.
PROPERTY FACTS
| Price | $3,895,000 | Building Class | A |
| Price Per SF | $1,396.06 | Lot Size | 0.79 AC |
| Sale Type | Investment | Building Size | 2,790 SF |
| Cap Rate | 5.69% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Car Wash | Parking Ratio | 5.38/1,000 SF |
| Zoning | RC - General Commercial | ||
| Price | $3,895,000 |
| Price Per SF | $1,396.06 |
| Sale Type | Investment |
| Cap Rate | 5.69% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | A |
| Lot Size | 0.79 AC |
| Building Size | 2,790 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 5.38/1,000 SF |
| Zoning | RC - General Commercial |
AMENITIES
- Air Conditioning
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 001-032-04 | Improvements Assessment | $202,118 |
| Land Assessment | $92,859 | Total Assessment | $294,977 |
PROPERTY TAXES
Parcel Number
001-032-04
Land Assessment
$92,859
Improvements Assessment
$202,118
Total Assessment
$294,977
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2110 Carson - Sierra Express Car Wash
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