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1517 N West Ave
El Dorado, AR 71730

International Car Wash Group · Specialty Property For Sale · 3,000 SF

Investment Highlights

  • 20-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 20-Year Absolute Triple-Net Lease.
  • Accelerated Depreciation: This Property Qualifies for 15 Year Accelerated Depreciation
  • Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by International Car Wash Group Ltd. (UK) “ICWG” and the More Than 900 Locations

PROPERTY FACTS

Property Type Specialty
Property Subtype Car Wash
Building Class B
Lot Size 1.46 AC
Building Size 3,000 SF
No. Stories 1
Year Built 1900

About 1517 N West Ave , El Dorado, AR 71730

The subject International Car Wash Group property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants. Major national tenants in the area include Walmart, Taco Bell, McDonald’s, Walgreens, Little Caesars, Subway, Exxon, Advance Auto Parts, Home Depot, Dollar General, Dairy Queen, JC Penny, Hobby Lobby, Applebee’s, Popeyes, Burger King, Pizza Hut, Sears Hometown Store, and many more. Additionally, this car wash benefits from its close proximity to South Arkansas Community College, a public comprehensive community college with an open-door policy, providing educational programs, workforce development, civic and cultural enrichment and support services to students and residents in its service area. They have a total student enrollment of 1,630 and offer degrees in 11 different fields of study. The site is situated on Northwest Avenue, which experiences average daily traffic counts upwards of 16,000. Northwest Avenue intersects with East Main Street, which brings an additional 6,500 vehicles into the immediate area per day. There are approximately 22,400 individuals within a five-mile radius of this property. El Dorado is a city in, and the county seat of Union County, which is on the southern border of Arkansas. The population of the city is approximately 18,491. The city is best known as being the heart of the 1920s oil boom in southern Arkansas. Its nickname is “Arkansas’s Original Boomtown.” During World War II, it became a center of the chemical industry, which still plays a part in the economy, as do oil and timber. El Dorado is located approximately 100 miles from the state capital of Little Rock. El Dorado is headquarters of the Arkansas Oil and Gas Commission as well as Murphy Oil, Murphy USA and the Lion Oil Refinery. Murphy USA is an American Corporation operating a chain of retail gas stations that are primarily located in proximity to Walmart stores. In 2018, it was ranked 279 on the Fortune 500 list of the largest United States corporations by revenue. It is considered one of the top employers in the area, with over 600 employees.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 4772-00622-001
  • 4772-00622-010
Land Assessment
$150,505
Improvements Assessment
$233,714
Total Assessment
$384,219

zoning

Zoning Code Commercial
Commercial
  • Listing ID: 18814144

  • Date on Market: 2020-03-10

  • Last Updated:

  • Address: 1517 N West Ave, El Dorado, AR 71730

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