WOW Carwash - Vegas & Simmons

Highlights:

• 20-Year Absolute NNN Lease | Corporate Guaranty
• Qualifies for Bonus Depreciation
• Excellent Access & Visibility
• High Growth Trade Area
• Less than 2-miles from the future Hylo Project
• Dense and Mature Trade Area

Description:

Colliers is pleased to present an exclusive opportunity to acquire ownership of a new construction STNL WOW Carwash drive-thru in the Las Vegas MSA. 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 well positioned at the hard corner, signalized intersection of Vegas Drive and Simmons Street with traffic counts in excess of ±55,700 VPD. Nearby co-tenants include Walmart, McDonald’s, Starbucks, Dollar General, El Pollo Loco, Walgreens, and La Bonita Supermarket. Adjacent to the site is a proposed mixed-used development, to include ±112 multi-family units, a gas station, and 4K SF of retail use – driving additional daily traffic to the property. Additional nearby points of interest include the North Las Vegas Airport, Meadows Mall, Downtown Las Vegas, Western High School (±2,949 students) and UMC Medical Center (530 beds).

A major mixed-use residential and retail redevelopment is currently under construction 2-miles from the property. The Hylo Park project is expected to bring 925 jobs to the area and will include a 150-room hotel, 665 housing units, a 100K SF Vegas Golden Knights hockey facility, outdoor entertainment venue, and additional commercial to include restaurants, bars, QSRs, c-store, car wash and a childcare facility. Additionally, the Nola Sky residential project is delivering an additional 157 units of stunning rental townhomes in its first of three phases of development.

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