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1771 Green Acres Cir - ABS. NET 20 YR CAR WASH | BONUS DEPRECIATION 5,115 SF Specialty Building Offered at $5,441,370 at a 7% Cap Rate in Fayetteville, AR 72703
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.
- Minutes from the University of Arkansas - the Largest University in the State with 27k+ Students Enrolled.
- Brand New 2024 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.
- Immediate Area Experiencing Major Growth: Fayetteville has been Ranked Among the Nation’s Fastest-Growing Places in the Most Recent Years.
EXECUTIVE SUMMARY
20 Year Absolute Net Lease Car Wash w/ favorable 1.5% Annual Increases | Brand New 2024 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 | $5,441,370 | Building Class | B |
| Price Per SF | $1,063.81 | Lot Size | 1.09 AC |
| Sale Type | Investment | Building Size | 5,115 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2024 |
| Property Subtype | Car Wash |
| Price | $5,441,370 |
| Price Per SF | $1,063.81 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.09 AC |
| Building Size | 5,115 SF |
| No. Stories | 1 |
| Year Built | 2024 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $110,960 | |
| Land Assessment | $106,030 | Total Assessment | $216,990 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$106,030
Improvements Assessment
$110,960
Total Assessment
$216,990
ZONING
| Zoning Code | P-1 |
| P-1 |
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1771 Green Acres Cir - ABS. NET 20 YR CAR WASH | BONUS DEPRECIATION
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