Car Wash | Triple Net (NNN) Lease
$600,000
1194 Jones Road, Springdale, AR 72762
For Sale
Special Purpose
Active
Last Updated: 01/06/2022
7.25
Cap Rate
43,500
NOI
Details:
Cap Rate: 7.25%
NOI: $43,500
Building Size: 4,568 sqft
Lot Area: 0.88 acres
Year Built: 2007
Price Per Sqft: $131.35
Roof and Structure: Tenant’s Responsibility
HVAC: Tenant’s Responsibility
Repairs and Maintenance: Tenant’s Responsibility
Highlights:
- Long Term Triple Net (NNN) Lease to Begin at the Close of Escrow
- Zero Landlord Responsibilities
- Seasoned Operator With Over 30 Years of Experience Working Within the Automotive Services Industry
- Operator Has Been Successful in Acquiring Some Underperforming Automotive Businesses and Converting Them Into Profitable Locations
- Located Near the Signalized Intersection of Jones Road and Hwy 412 Which Sees a Combined Traffic Count of Over 44,900 VPD
- Strong Demographics With a Population of 74,829 Residents Making an Average Household Income of $77,528 Within a 5-Mile Radius
- Located Less Than 10-Miles From the Botanical Garden of the Ozarks, Which Sees Over 100,000 Visitors Per Year
- Just 1-Mile From Bernice Young Elementary School, Har-Ber High School and Hillstern Middle School
- Minutes From I-49 and National Retailers Like Walmart Supercenter, Sam’s Club, Lowe’s, Goodwill and Hobby Lobby
- Springdale is the Fourth Largest City in Arkansas and is Home to the Annual Rodeo of the Ozarks Held Each July at One of the Top 5 Largest Outdoor Rodeos in the U.S.
- Nearby Tenants Include: Arby’s, Smoothie King, Subway, Murphy Express, Tropical Smoothie, Buffalo Wild Wings, Bank OZK, Harps Food Stores, Wells Fargo, McDonald’s and Orscheln Farm & Home
Description:
Sands Investment Group is Pleased to Exclusively Offer For Sale the 4,568 SF Car Wash Located at 1194 Jones Road in Springdale, AR. This Opportunity Includes a Long -Term Triple Net (NNN) Lease to Begin at the Close of Escrow With Zero Landlord Responsibilities, Providing For a Secure Investment.
Documents:
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Offering Memorandum
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