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Car Wash

LUV Car Wash

5730 S Jones Blvd, Las Vegas, NV 89118

Listing Price: $5,723,312

Cap Rate
6.25%
Tenant Name
LUV Car Wash
Years Remaining On Lease
15.8
Gross SF
5,521
Guarantor
Corporate Guarantee
Rentable SF
5,521
Price/Gross SF
$1,036.64
Lease Type
Absolute Net
Rent Per Square Feet
$64.79

Investment Overview

LUV Car Wash is a leading express car wash brand with more than 80 locations in California, Nevada, Florida, Georgia, and Pennsylvania. LUV delivers fast, high-quality washes through eco-conscious technology, premium customer service, and monthly membership options.

The Las Vegas-Henderson-Paradise MSA is one the fastest-growing metros in the nation, with a population of more than 2.3 million. Over the next five years, the metro’s population is expected to grow by 6 percent.

Investment Highlights

  • Over 15 Years Remaining on Absolute Triple-Net (NNN) Lease - Newer 2020 Construction
  • Annual Rental Increases with Multiple Renewal Options
  • LUV Car Wash has Over 80 Locations Across California, Nevada, Florida, Georgia, and Pennsylvania
  • Densely-Populated Trade Area Near the Las Vegas Strip - Over 632,200 Daytime Population within a Five-Mile Radius
  • Signalized Hard Corner Location, Accessible by Approximately 50,600 Cars per Day at the Corner of S. Jones Boulevard and W. Russell Road
  • Jones Boulevard Recently Underwent a $19.2 Million Improvement and Expansion Project that will Help Drive Further Traffic to the Location
  • Average Household Income Exceeds $96,000 within a Five-Mile Radius
  • Easy Freeway Access Roughly Two Miles Off Interstates 15 and 215, Both Major Connectors for the Las Vegas MSA

Exclusively Listed By

  • Mark Ruble

    Executive Managing Director Investments

    (602) 687-6766

    Email Mark

    License(s): AZ: SA550593000, NV: S.0192964

    Phoenix

Broker of Record

  • Cameron Glinton

    Managing Director, Market Leader- Nevada

    (702) 215-7100

    License(s) NV: B.1002894.CORP

    Nevada

Financing By

Listing Price: $5,723,312

Cap Rate
6.25%
Tenant Name
LUV Car Wash
Years Remaining On Lease
15.8
Gross SF
5,521
Guarantor
Corporate Guarantee
Rentable SF
5,521
Price/Gross SF
$1,036.64
Lease Type
Absolute Net
Rent Per Square Feet
$64.79

Investment Highlights

  • Over 15 Years Remaining on Absolute Triple-Net (NNN) Lease - Newer 2020 Construction
  • Annual Rental Increases with Multiple Renewal Options
  • LUV Car Wash has Over 80 Locations Across California, Nevada, Florida, Georgia, and Pennsylvania
  • Densely-Populated Trade Area Near the Las Vegas Strip - Over 632,200 Daytime Population within a Five-Mile Radius
  • Signalized Hard Corner Location, Accessible by Approximately 50,600 Cars per Day at the Corner of S. Jones Boulevard and W. Russell Road
  • Jones Boulevard Recently Underwent a $19.2 Million Improvement and Expansion Project that will Help Drive Further Traffic to the Location
  • Average Household Income Exceeds $96,000 within a Five-Mile Radius
  • Easy Freeway Access Roughly Two Miles Off Interstates 15 and 215, Both Major Connectors for the Las Vegas MSA

Investment Overview

LUV Car Wash is a leading express car wash brand with more than 80 locations in California, Nevada, Florida, Georgia, and Pennsylvania. LUV delivers fast, high-quality washes through eco-conscious technology, premium customer service, and monthly membership options. The Las Vegas-Henderson-Paradise MSA is one the fastest-growing metros in the nation, with a population of more than 2.3 million. Over the next five years, the metro’s population is expected to grow by 6 percent.

Exclusively Listed By

  • Mark Ruble

    Executive Managing Director Investments

    (602) 687-6766

    Email Mark

    License(s): AZ: SA550593000, NV: S.0192964

    Phoenix

Broker of Record

  • Cameron Glinton

    Managing Director, Market Leader- Nevada

    (702) 215-7100

    License(s): NV: B.1002894.CORP

    Nevada

Financing By

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