1005 S Walton Blvd - ABS. NET 19 YR CAR WASH | BONUS DEPRECIATION
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1005 S Walton Blvd - ABS. NET 19 YR CAR WASH | BONUS DEPRECIATION
5,968 SF Specialty Building Offered at $8,079,652 CAD at a 7% Cap Rate in Bentonville, AR 72712
INVESTMENT HIGHLIGHTS
- 19 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.
- Less than a Mile from Walmart Global HQ - 350+ Acre Campus to support 14,000+ Employees - Recently unveiled Plans to fully Redevelop into a Campus.
- 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 1.2M+ Washes Annually.
- Densely Populated Affluent Area: Average Household Income of $117k+ within a 3-Mile Radius and over 115k People Residing within a 5-Mile Radius.
EXECUTIVE SUMMARY
19 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 | $8,079,652 CAD | Building Class | B |
| Price Per SF | $1,354 CAD | Lot Size | 1.08 AC |
| Sale Type | Investment | Building Size | 5,968 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Property Subtype | Car Wash |
| Price | $8,079,652 CAD |
| Price Per SF | $1,354 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.08 AC |
| Building Size | 5,968 SF |
| No. Stories | 1 |
| Year Built | 2023 |
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PROPERTY TAXES
| Parcel Number | 01-20308-000 | Improvements Assessment | $526,075 CAD |
| Land Assessment | $298,513 CAD | Total Assessment | $824,588 CAD |
PROPERTY TAXES
Parcel Number
01-20308-000
Land Assessment
$298,513 CAD
Improvements Assessment
$526,075 CAD
Total Assessment
$824,588 CAD
ZONING
| Zoning Code | Commercial (Commercial) |
| Commercial (Commercial) |
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1005 S Walton Blvd - ABS. NET 19 YR CAR WASH | BONUS DEPRECIATION
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