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Car Wash

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

1005 S Walton Blvd, Bentonville, AR 72712

Listing Price: $5,593,971

Cap Rate
7.00%
Tenant Name
Splash Car Wash
Years Remaining On Lease
19.9
Gross SF
5,968
Guarantor
Corporate Guarantee
Rentable SF
5,968
Price/Gross SF
$937.33
Lease Type
Absolute Net
Rent Per Square Feet
$65.61

Investment Overview

Bentonville is located in one of the fastest growing regions in the country. In the past 20 years, Bentonville has transformed itself from a sleepy small Arkansas town to a bustling center of commerce and innovative entrepreneurialism, making it a community of choice in Northwest Arkansas.
Home to Walmart, the largest retailer in the world, and with the opening of Crystal Bridges Museum of American Art in 2011, Bentonville has become a home and a place to visit for people all over the world for business and leisure.
Total population increased 53.4% from 2010 (35,301)
The total number of housing units is 22,436, a 53% increase, consistent with the population growth
91% of all housing units are occupied
The number of commercial permits was up 21% over 2020 with a total value of $911 million
Of all commercial permits, 70% are tentant infills, remodels or additions

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 2023 High Quality Construction.
  • Positioned Along Area's Major Traffic and Retail Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 23k Vehicles. Near Interstate-49 (71k+ VPD).
  • 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.
  • Less than a Mile from Walmart Global HQ - 350+ Acre Campus to support 14,000+ Employees - Recently unveiled Plans to fully Redevelop into a Campus with 12 Office Buildings, along with Amenity Buildings, Parking Decks & Surface Lots.
  • 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 $117k+ within a 3-Mile Radius and over 115k People Residing within a 5-Mile Radius. Bentonville has Experienced Strong Growth over the past several decades.
  • Bentonville is Located in One of the Fastest Growing Regions in the Country. In the Past 20 Years, Bentonville has Transformed Itself to a Bustling Center of Commerce and Innovative Entrepreneurialism. In Close Proximity to NorthWest Arkansas Community College - with a Total Enrollment of 8,305+ Students and Bentonville Municipal Airport (32,300 Annual Aircraft Operations).

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: $5,593,971

Cap Rate
7.00%
Tenant Name
Splash Car Wash
Years Remaining On Lease
19.9
Gross SF
5,968
Guarantor
Corporate Guarantee
Rentable SF
5,968
Price/Gross SF
$937.33
Lease Type
Absolute Net
Rent Per Square Feet
$65.61

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 2023 High Quality Construction.
  • Positioned Along Area's Major Traffic and Retail Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 23k Vehicles. Near Interstate-49 (71k+ VPD).
  • 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.
  • Less than a Mile from Walmart Global HQ - 350+ Acre Campus to support 14,000+ Employees - Recently unveiled Plans to fully Redevelop into a Campus with 12 Office Buildings, along with Amenity Buildings, Parking Decks & Surface Lots.
  • 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 $117k+ within a 3-Mile Radius and over 115k People Residing within a 5-Mile Radius. Bentonville has Experienced Strong Growth over the past several decades.
  • Bentonville is Located in One of the Fastest Growing Regions in the Country. In the Past 20 Years, Bentonville has Transformed Itself to a Bustling Center of Commerce and Innovative Entrepreneurialism. In Close Proximity to NorthWest Arkansas Community College - with a Total Enrollment of 8,305+ Students and Bentonville Municipal Airport (32,300 Annual Aircraft Operations).

Investment Overview

Bentonville is located in one of the fastest growing regions in the country. In the past 20 years, Bentonville has transformed itself from a sleepy small Arkansas town to a bustling center of commerce and innovative entrepreneurialism, making it a community of choice in Northwest Arkansas. Home to Walmart, the largest retailer in the world, and with the opening of Crystal Bridges Museum of American Art in 2011, Bentonville has become a home and a place to visit for people all over the world for business and leisure. Total population increased 53.4% from 2010 (35,301) The total number of housing units is 22,436, a 53% increase, consistent with the population growth 91% of all housing units are occupied The number of commercial permits was up 21% over 2020 with a total value of $911 million Of all commercial permits, 70% are tentant infills, remodels or additions

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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