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6653 N Durango Dr - WOW Carwash 4,740 SF Specialty Building Offered at $7,620,000 at a 5.85% Cap Rate in Las Vegas, NV 89149
INVESTMENT HIGHLIGHTS
- Strong Unit Level Performance!
- Qualifies for 100% Bonus Depreciation
- Adjacent to a Dignity Health small-format hospital and Aspire at Echelon apartments (276 units)
- 20-Year Absolute NNN Lease - WOW Wash Midco II, LLC Corporate Guarantee
- Located immediately off the CC 215 Beltway and Durango off-ramp (±73,325 VPD)
- Services the affluent neighborhoods of Summerlin, Providence, and Aliante
EXECUTIVE SUMMARY
STRONG UNIT LEVEL PERFORMANCE!
Colliers is pleased to present an exclusive opportunity to acquire ownership of a STNL WOW Carwash drive-thru in the Las Vegas MSA. The property benefits from a new 20-Year Absolute NNN lease and qualifies for 100% bonus depreciation – allowing investors tremendous tax savings in Year 1 of ownership.
The property is well positioned with excellent frontage and visibility directly off the CC 215 Beltway and Durango Dr off-ramp (±73,325 VPD) and is located in between a Dignity Health small-format hospital and Aspire at Echelon apartments (276 units). Directly across the street is Centennial Hills Hospital with 336 beds and 1,200 employees, as well as Montecito Crossing – a ±268,419 SF retail power center with anchor tenants including Kohl’s, Burlington, PetSmart, EOS Fitness, ULTA, Dollar Tree, and more!
Located in the coveted and high growth Centennial Hills trade area, the site benefits from over 10,000 new homes within a 5-mile radius with major projects currently in development, including Skye Summit (3,000 homes), The Village at Centennial Hills (5-acre mixed-use located just north of the site), Centennial Village retail center, a new Costco, and Hampton Inn hotel. This site currently services nearby affluent communities of Summerlin, Providence, and Aliante in a dense nearby trade area with ±260,228 residents and an average household income of ±$130,533 within a 5-mile radius.
Colliers is pleased to present an exclusive opportunity to acquire ownership of a STNL WOW Carwash drive-thru in the Las Vegas MSA. The property benefits from a new 20-Year Absolute NNN lease and qualifies for 100% bonus depreciation – allowing investors tremendous tax savings in Year 1 of ownership.
The property is well positioned with excellent frontage and visibility directly off the CC 215 Beltway and Durango Dr off-ramp (±73,325 VPD) and is located in between a Dignity Health small-format hospital and Aspire at Echelon apartments (276 units). Directly across the street is Centennial Hills Hospital with 336 beds and 1,200 employees, as well as Montecito Crossing – a ±268,419 SF retail power center with anchor tenants including Kohl’s, Burlington, PetSmart, EOS Fitness, ULTA, Dollar Tree, and more!
Located in the coveted and high growth Centennial Hills trade area, the site benefits from over 10,000 new homes within a 5-mile radius with major projects currently in development, including Skye Summit (3,000 homes), The Village at Centennial Hills (5-acre mixed-use located just north of the site), Centennial Village retail center, a new Costco, and Hampton Inn hotel. This site currently services nearby affluent communities of Summerlin, Providence, and Aliante in a dense nearby trade area with ±260,228 residents and an average household income of ±$130,533 within a 5-mile radius.
PROPERTY FACTS
| Price | $7,620,000 | Building Class | B |
| Price Per SF | $1,607.59 | Lot Size | 1.15 AC |
| Sale Type | Investment | Building Size | 4,740 SF |
| Cap Rate | 5.85% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Car Wash | ||
| Zoning | T-C - Town Center District | ||
| Price | $7,620,000 |
| Price Per SF | $1,607.59 |
| Sale Type | Investment |
| Cap Rate | 5.85% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.15 AC |
| Building Size | 4,740 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Zoning | T-C - Town Center District |
PROPERTY TAXES
| Parcel Number | 125-20-319-002 | Improvements Assessment | $487,646 |
| Land Assessment | $273,513 | Total Assessment | $761,159 |
PROPERTY TAXES
Parcel Number
125-20-319-002
Land Assessment
$273,513
Improvements Assessment
$487,646
Total Assessment
$761,159
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6653 N Durango Dr - WOW Carwash
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