STNL WOW Carwash

Highlights:

• 20-Year Absolute NNN Lease
• WOW Wash Midco II, LLC Corporate Guarantee
• Qualifies for 100% Bonus Depreciation
• Located immediately off the CC 215 Beltway and Durango off-ramp (±73,325 VPD)
• Adjacent to a Dignity Health small-format hospital and Aspire at Echelon apartments (276 units)
• Services the affluent neighborhoods of Summerlin, Providence, and Aliante

Description:

Colliers is pleased to present an exclusive opportunity to acquire ownership of a STNL WOW Carwash drive-thru in the Las Vegas MSA. The property benefits from a new 20-Year Absolute NNN lease and qualifies for 100% bonus depreciation – allowing investors tremendous tax savings in Year 1 of ownership.

The property is well positioned with excellent frontage and visibility directly off the CC 215 Beltway and Durango Dr off-ramp (±73,325 VPD) and is located in between a Dignity Health small-format hospital and Aspire at Echelon apartments (276 units). Directly across the street is Centennial Hills Hospital with 336 beds and 1,200 employees, as well as Montecito Crossing – a ±268,419 SF retail power center with anchor tenants including Kohl’s, Burlington, PetSmart, EOS Fitness, ULTA, Dollar Tree, and more!

Located in the coveted and high growth Centennial Hills trade area, the site benefits from over 10,000 new homes within a 5-mile radius with major projects currently in development, including Skye Summit (3,000 homes), The Village at Centennial Hills (5-acre mixed-use located just north of the site), Centennial Village retail center, a new Costco, and Hampton Inn hotel. This site currently services nearby affluent communities of Summerlin, Providence, and Aliante in a dense nearby trade area with ±260,228 residents and an average household income of ±$130,533 within a 5-mile radius.