2251 Sahara ave - WOW Carwash - Sahara & Eastern
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2251 Sahara ave - WOW Carwash - Sahara & Eastern
4,814 SF Specialty Building Offered at $6,930,000 at a 6.50% Cap Rate in Las Vegas, NV 89104
Investment Highlights
- 20-Year Absolute NNN Lease | Corporate Guarantee
- Frontage on E Sahara Ave. (+/- 83,850 VPD)
- Less than 2 miles from US-95 Freeway (±157,000 VPD)
- Qualifies for Bonus Depreciation
- Positioned within Sahara Avenue’s auto dealership corridor
- High Growth Trade Area w/ Dense and Mature Demographics
Executive Summary
Colliers is pleased to present an exclusive opportunity to acquire ownership of a new construction STNL WOW Carwash drive-thru that is well positioned with frontage on Sahara Ave. – a major commuter thoroughfare in Las Vegas, NV. The property benefits from a new 20-Year Absolute NNN lease and qualifies for bonus depreciation – allowing investors tremendous tax savings in Year 1 of ownership.
The property is strategically positioned at the high traffic signalized intersection of E Sahara Ave. and S Eastern Ave., with combined traffic counts in excess of ±83,850 VPD. Sahara Ave is one of Las Vegas’ primary east-west commuter thoroughfares, providing direct access to the US-95 and I-15 Freeways, Fremont East District, Downtown Las Vegas, the Las Vegas Strip and the Northwest trade area. The asset is also located within Sahara Avenue’s auto dealership corridor with co-tenants including Nissan, Honda, Tesla, Toyota, Chevrolet, Jeep, Buick, and GMC, along with Sonic Drive-Thru, Cardenas Market, El Pollo Loco, Wendy’s, Panda Express, and Jiffy Lube – all generating daily traffic to the corridor.
The site is less than 2-miles west of the US-95 Freeway (±157,000 VPD) – a major north-south arterial connecting Henderson to Northwest Las Vegas and Summerlin. The asset services residents of Downtown Las Vegas, the culture rich Winchester area, and the historical Scotch Eighties neighborhoods, with ±525,823 residents and an average household income of ±$61,044 within a 5-mile radius. The asset serves as a Gateway to the popular Fremont East District – with several urban growth projects coming soon, such as the Huntridge Revitalization and Mixed-Use project.
The property is strategically positioned at the high traffic signalized intersection of E Sahara Ave. and S Eastern Ave., with combined traffic counts in excess of ±83,850 VPD. Sahara Ave is one of Las Vegas’ primary east-west commuter thoroughfares, providing direct access to the US-95 and I-15 Freeways, Fremont East District, Downtown Las Vegas, the Las Vegas Strip and the Northwest trade area. The asset is also located within Sahara Avenue’s auto dealership corridor with co-tenants including Nissan, Honda, Tesla, Toyota, Chevrolet, Jeep, Buick, and GMC, along with Sonic Drive-Thru, Cardenas Market, El Pollo Loco, Wendy’s, Panda Express, and Jiffy Lube – all generating daily traffic to the corridor.
The site is less than 2-miles west of the US-95 Freeway (±157,000 VPD) – a major north-south arterial connecting Henderson to Northwest Las Vegas and Summerlin. The asset services residents of Downtown Las Vegas, the culture rich Winchester area, and the historical Scotch Eighties neighborhoods, with ±525,823 residents and an average household income of ±$61,044 within a 5-mile radius. The asset serves as a Gateway to the popular Fremont East District – with several urban growth projects coming soon, such as the Huntridge Revitalization and Mixed-Use project.
Property Facts
Price | $6,930,000 | Lot Size | 1.74 AC |
Price Per SF | $1,440 | Building Size | 4,814 SF |
Sale Type | Investment | No. Stories | 1 |
Cap Rate | 6.50% | Year Built | 2024 |
Property Type | Specialty | Opportunity Zone |
Yes
|
Property Subtype | Car Wash |
Price | $6,930,000 |
Price Per SF | $1,440 |
Sale Type | Investment |
Cap Rate | 6.50% |
Property Type | Specialty |
Property Subtype | Car Wash |
Lot Size | 1.74 AC |
Building Size | 4,814 SF |
No. Stories | 1 |
Year Built | 2024 |
Opportunity Zone |
Yes |
Walk Score ®
Very Walkable (70)
PROPERTY TAXES
Parcel Number | 162-01-401-014 | Improvements Assessment | $419,504 |
Land Assessment | $253,607 | Total Assessment | $673,111 |
PROPERTY TAXES
Parcel Number
162-01-401-014
Land Assessment
$253,607
Improvements Assessment
$419,504
Total Assessment
$673,111
zoning
Zoning Code | C-1 (Limited Commercial) |
C-1 (Limited Commercial) |
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2251 Sahara ave - WOW Carwash - Sahara & Eastern
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