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5140 W Cheyenne Ave - Ultra Clean Car Wash | 18+yrs Abs NNN w/ Incr 1,909 SF Specialty Building Offered at $3,800,000 at a 5.26% Cap Rate in Las Vegas, NV 89108
INVESTMENT HIGHLIGHTS
- Over 18 Years Remaining | Strong Location | Scheduled Rental Increases | Postitive EBITDA
- Cheyenne Commons (446,000 SF) | North Mesa Plaza (425,000 SF) |Best in the West Center (468,000 SF) | Primary Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Ultra Clean Car Wash investment property located in Las Vegas, Nevada. The tenant, Ultra Clean Leasing, LLC has over 18 years remaining on their initial term with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
PROPERTY FACTS
| Price | $3,800,000 | Lot Size | 1.36 AC |
| Price Per SF | $1,990.57 | Building Size | 1,909 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.26% | Year Built | 2018 |
| Property Type | Specialty | Parking Ratio | 25.67/1,000 SF |
| Property Subtype | Car Wash | ||
| Zoning | C-2 - General Commercial | ||
| Price | $3,800,000 |
| Price Per SF | $1,990.57 |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Lot Size | 1.36 AC |
| Building Size | 1,909 SF |
| No. Stories | 1 |
| Year Built | 2018 |
| Parking Ratio | 25.67/1,000 SF |
| Zoning | C-2 - General Commercial |
AMENITIES
- Signage
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PROPERTY TAXES
| Parcel Number | 138-12-801-016 | Improvements Assessment | $333,406 |
| Land Assessment | $207,347 | Total Assessment | $540,753 |
PROPERTY TAXES
Parcel Number
138-12-801-016
Land Assessment
$207,347
Improvements Assessment
$333,406
Total Assessment
$540,753
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5140 W Cheyenne Ave - Ultra Clean Car Wash | 18+yrs Abs NNN w/ Incr
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