2116 N Reynolds Rd - ABS. NET 20 YR CAR WASH | BONUS DEPRECIATION
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2116 N Reynolds Rd - ABS. NET 20 YR CAR WASH | BONUS DEPRECIATION
5,120 SF Specialty Building Offered at $5,405,242 at a 7% Cap Rate in Bryant, AR 72022
Investment Highlights
- 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases throughout the Initial Term and Options.
- Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model.
- This Car Wash, within the City of Bryant, will Attract Residents and Commuters from Both Benton from the South as well as Little Rock to the North.
- Brand New 2023 High Quality Construction. Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success.
- Splash Car Wash is the Largest and Rapidly Growing Car Wash Operator in the State of Arkansas w/ over 40k Members and performs 750k+ Washes Annually.
- Densely Populated Affluent Area: Average Household Income of $105k+ within a 1-Mile Radius and over 64k People Residing within a 5-Mile Radius.
Executive Summary
20 Year Absolute Net Lease Car Wash w/ favorable 1.5% Annual Increases | Brand New 2023 Construction | Qualifies for Accelerated Depreciation | Largest and Rapidly Growing Car Wash Operator in the State of Arkansas
Arkansas Broker of Record: Steve Greer | 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 | P: (225) 376-6729 | Lic #: PB00098133 Steve.Greer@MarcusMillichap.com
Arkansas Broker of Record: Steve Greer | 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 | P: (225) 376-6729 | Lic #: PB00098133 Steve.Greer@MarcusMillichap.com
Property Facts
| Price | $5,405,242 | Building Class | B |
| Price Per SF | $1,056 | Lot Size | 1.20 AC |
| Sale Type | Investment | Building Size | 5,120 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Property Subtype | Car Wash |
| Price | $5,405,242 |
| Price Per SF | $1,056 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.20 AC |
| Building Size | 5,120 SF |
| No. Stories | 1 |
| Year Built | 2023 |
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zoning
| Zoning Code | Commercial (Commercial) |
| Commercial (Commercial) |
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2116 N Reynolds Rd - ABS. NET 20 YR CAR WASH | BONUS DEPRECIATION
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