Sierra Express Car Wash
$3,700,000
2110 North Carson Street, Carson City, NV 89703
For Sale
Retail
Unknown Sub Type
Active
Last Updated: 10/24/2024
5.99
Cap Rate
2,890 sqft
Building Size
Details:
Cap Rate: 5.99%
Building Size: 2,890 sqft
Lot Area: 0.79 acres
Lease Type: Absolute Net
Year Built: 2022
Price Per Sqft: $1,280.28
Price per SqFt/Land : $110.59
Highlights:
- NEW CONSTRUCTION - Building recently constructed in 2022 featuring 2 lanes and 10 vacuum stations.
- ABSOLUTE NNN LONG-TERM LEASE - New 15-year lease with built in 1.50% annual increases on an Absolute NNN offering truly passive income.
- RETAIL CORRIDOR - Located on the main retail corridor in Carson City, highlighted local retailers are McDonalds, CVS, Grocery Outlet, Anytime Fitness, Wendy's and the airport less than 3 miles away.
- EXPANDING OPERATOR - Under parent company, Raceway Express Car Wash with 39 locations, Sierra Express Car Wash has expanded to 11 locations throughout Nevada and California.
- GROWING MARKET - Carson City is centrally located near Reno and Lake Tahoe, making it an ideal hub for business commerce. It is positioned on key transportation routes such as I-580 and US 50, facilitating easy access to other parts of Nevada and California.
- QUALITY FOR BONUS DEPRECIATION - Car washes qualify for bonus depreciation which allows for additional tax benefits.
Documents:
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Offering Memorandum
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Location
Gallery
