STNL WOW Carwash

Highlights:

• 20-Year Absolute NNN Lease
• WOW Wash Midco II, LLC Corporate Guarantee
• Qualifies For 100% Bonus Deprecation
• Hard Corner of a Signalized Intersection (±46,645 VPD) and East of the I-11 Freeway (±181,000 VPD)
• Strong daytime population of ±449,581 within a 5-mile radius
• 2-miles from the future Hylo Mixed-Use Project (73 AC)

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 just east of the I-11 Freeway at the signalized intersection of Lake Mead Blvd. and Torrey Pines Dr. with combined traffic counts exceeding (±227,645 VPD). National co-tenants within the area include Walmart, Absolute Dental, CVS Pharmacy, Best Buy, ULTA, DSW, Ross Dress for Less, Barnes & Noble, Hobby Lobby, Whole Foods Market, and many more!

A major mixed-use residential and retail redevelopment, Hylo Park, is currently under construction 2-miles from the property and is expected to bring 925 jobs and will include a 150-room hotel, 665 housing units, a 100K SF Vegas Golden Knights hockey facility and additional retail to include restaurants, bars, QSRs, and a childcare center. The asset is surrounded by strong nearby demand drivers and services the dense and affluent Summerlin, Pueblo, and Desert Shores with ±445,741 residents and an average household income of ±$98,274 within a 5-mile radius.