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Car Wash

Abs Net 20Yr Car Wash w/ Largest Operator in AR | New Premium Northwest AR Site | Bonus Depreciation

142 E Main St, Farmington, AR 72730

Listing Price: $5,344,071

Cap Rate
7.00%
Tenant Name
Splash Car Wash
Years Remaining On Lease
19.8
Gross SF
4,041
Guarantor
Corporate Guarantee
Rentable SF
4,041
Price/Gross SF
$1,322.46
Lease Type
Absolute Net
Rent Per Square Feet
$92.57

Investment Overview

Farmington, Arkansas, is a rapidly growing suburban city located in the northwest corner of the state, just eight miles southwest of Fayetteville. With a population of approximately 7,000 residents, Farmington is part of the larger Fayetteville-Springdale-Rogers Metropolitan Area. With the surge in population growth in Farmington, the city’s accessibility along major highways like US Route 62 and its proximity to Northwest Arkansas National Airport make it an ideal location for businesses and residents that prefer to rely on seamless transportation options. The city’s proximity to the University of Arkansas in Fayetteville further enhances educational opportunities for residents, making it a great location for families.

Investment Highlights

  • 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases throughout the Initial Term and Options. Brand New 2024 High Quality Construction.
  • Positioned Along Area's Traffic and Retail Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 31k Vehicles.
  • Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success: The Car Wash Business is a Highly Segmented $15 Billion Industry that is growing at 3.2% Annually.
  • In Close Proximity to Numerous National Retailers Including Walmart Supercenter, Lowe's, Tractor Supply, Aldi, Walmart Neighborhood Market, Walgreens and more.
  • Splash Car Wash is the Largest and Rapidly Growing Car Wash Operator in the State of Arkansas with over 40k Members and performs 750k+ Washes Annually. The Lease Offers Full Personal and Corporate Guaranty from a Guarantor worth over $25 Million.
  • Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model. Recommend Consulting your Accountant or Tax Advisor.
  • Densely Populated & Affluent Area: Features an Average Household Income of $84k+ within a 3-Mile Radius and over 81k People Residing within a 5-Mile Radius.
  • Minutes from the University of Arkansas - the Largest University in the State with 27k+ Students Enrolled. Ranked 13th among Universities with the most Graduates working at top Fortune 500 Companies. Immediate Area Experiencing Major Growth: The City of Farmington, part of Fayetteville, has been Ranked Among the Nation's Fastest-Growing Places in the Most Recent Years.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Steve Greer

    First Vice President Investments

    (225) 376-6729

    License(s) AR: PB00098133

    Arkansas

Financing By

Car Wash

Abs Net 20Yr Car Wash w/ Largest Operator in AR | New Premium Northwest AR Site | Bonus Depreciation

Listing Price: $5,344,071

Cap Rate
7.00%
Tenant Name
Splash Car Wash
Years Remaining On Lease
19.8
Gross SF
4,041
Guarantor
Corporate Guarantee
Rentable SF
4,041
Price/Gross SF
$1,322.46
Lease Type
Absolute Net
Rent Per Square Feet
$92.57

Investment Highlights

  • 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases throughout the Initial Term and Options. Brand New 2024 High Quality Construction.
  • Positioned Along Area's Traffic and Retail Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 31k Vehicles.
  • Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success: The Car Wash Business is a Highly Segmented $15 Billion Industry that is growing at 3.2% Annually.
  • In Close Proximity to Numerous National Retailers Including Walmart Supercenter, Lowe's, Tractor Supply, Aldi, Walmart Neighborhood Market, Walgreens and more.
  • Splash Car Wash is the Largest and Rapidly Growing Car Wash Operator in the State of Arkansas with over 40k Members and performs 750k+ Washes Annually. The Lease Offers Full Personal and Corporate Guaranty from a Guarantor worth over $25 Million.
  • Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model. Recommend Consulting your Accountant or Tax Advisor.
  • Densely Populated & Affluent Area: Features an Average Household Income of $84k+ within a 3-Mile Radius and over 81k People Residing within a 5-Mile Radius.
  • Minutes from the University of Arkansas - the Largest University in the State with 27k+ Students Enrolled. Ranked 13th among Universities with the most Graduates working at top Fortune 500 Companies. Immediate Area Experiencing Major Growth: The City of Farmington, part of Fayetteville, has been Ranked Among the Nation's Fastest-Growing Places in the Most Recent Years.

Investment Overview

Farmington, Arkansas, is a rapidly growing suburban city located in the northwest corner of the state, just eight miles southwest of Fayetteville. With a population of approximately 7,000 residents, Farmington is part of the larger Fayetteville-Springdale-Rogers Metropolitan Area. With the surge in population growth in Farmington, the city’s accessibility along major highways like US Route 62 and its proximity to Northwest Arkansas National Airport make it an ideal location for businesses and residents that prefer to rely on seamless transportation options. The city’s proximity to the University of Arkansas in Fayetteville further enhances educational opportunities for residents, making it a great location for families.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Steve Greer

    First Vice President Investments

    (225) 376-6729

    License(s): AR: PB00098133

    Arkansas

Financing By

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