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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.

Property Facts

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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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)
  • Listing ID: 32309398

  • Date on Market: 7/1/2024

  • Last Updated:

  • Address: 2251 Sahara ave, Las Vegas, NV 89104

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