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2610 E Main St 4,200 SF Specialty Building Offered at $5,634,063 at a 6.75% Cap Rate in Russellville, AR 72802
Investment Highlights
- Single Tenant Absolute NNN Lease 16.9 Year Base Term
- Well-positioned at the heart of the Russellville retail trade area
- FULL TERM PERSONAL & CORPORATE GUARANTY
Executive Summary
THE LEASE PROVIDE A FULL TERM PERSONAL AND CORPORATE GUARANTY FROM A GUARANTOR WITH A $50+ million NET WORTH. NAI Heartland is pleased to present an opportunity to purchase an absolute net-leased express car wash investment occupied by Splash. A brand new 20-year lease commenced January 1st, 2023 and is accompanied with two 5-year options with 1.5% annual rental escalations throughout. Splash Car Wash is a quickly growing operator that currently has
22 locations in Arkansas with more to come and performs over 2,000,000 washes annually with a paying membership base in excess of 50,000. Furthermore, Splash employs over 375 people and has served Arkansas since 1983.
22 locations in Arkansas with more to come and performs over 2,000,000 washes annually with a paying membership base in excess of 50,000. Furthermore, Splash employs over 375 people and has served Arkansas since 1983.
Property Facts
| Price | $5,634,063 | Building Class | C |
| Price Per SF | $1,341.44 | Lot Size | 1.90 AC |
| Sale Type | Investment | Building Size | 4,200 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Price | $5,634,063 |
| Price Per SF | $1,341.44 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.90 AC |
| Building Size | 4,200 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Opportunity Zone |
Yes |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 857-10006-000C | Improvements Assessment | $169,304 |
| Land Assessment | $165,528 | Total Assessment | $334,832 |
Property Taxes
Parcel Number
857-10006-000C
Land Assessment
$165,528
Improvements Assessment
$169,304
Total Assessment
$334,832
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2610 E Main St
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