Splash Car Wash

1005 S Walton Blvd, Bentonville, AR 72712

$5,935,246

Cap Rate 6.50%

Views: 21 DOM: 43 Updated: 04.04.24 Posted: 04.04.24 Status: Active

Summary

Price $5,935,246	Built/Renov 2023	Tenant Splash Car Wash
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,968	Lease Start 02-01-2024	#Units 28
Price/SF $994.51	Expiration 02-29-2044	Tenant Type Automotive
NOI $385,791	R. Term 19.9	Ownership Fee Simple
Rent/SF $64.64	Increases 1.5%/1/yrs	Pop 5Mi 111,100
Lot/AC 1.08	Options 2/5yrs/1.5%	AHHI 5Mi $127,039

Lease Highlights

Splash Car Wash recently executed a brand new 20-year lease with 2 (5-year) options to extend
The lease features 1.5% annual rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Personal & Corporate guarantee

Location Description

Splash Car Wash is strategically located on South Walton Blvd (Hwy 71), with access to 24,000 vehicles passing by daily. The property is surrounded by well-known national tenants including Walmart Supercenter, Walmart to Go, Walgreens, AutoZone, Raising Cane’s, Five Guys, and more. Additionally, several Fortune 500 companies such as Tyson Foods, J.B. Hunt Transportation, and Walmart, with its...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Strong demographics
Major MSA
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Corporate Guarantee

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Links

Splash Car Wash Wikipedia Bentonville, Arkansas Zip Code 72712 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Splash Car Wash
Guarantor:Corporate
Company:Splash Car Wash
# Units:28
Stock:Private

About Tenant

As Arkansas’ one-stop shop, Splash Car Wash, Express Detail, and Oil Change aims to provide everything a car needs to stay clean and running strong. Splash is committed to providing the community...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	6,483	63,160	116,208
2023 Total Population :	5,736	58,710	108,738
2023 Employed Civilian Pop :	2,950	30,880	56,988
2023 Total Businesses :	778	2,460	4,145
2023 Average Household Income :	$ 108,757	$ 131,309	$ 126,080
2023 Total Consumer Spending :	$ 230 M	$ 2499 M	$ 4402 M
2023 Median Age :	33	33	34
2023 Total Households :	2,439	22,143	40,503
2023 Pop Age 25+: Bachelor's Degree :	920	11,315	18,922
2023 Average Home Value :	$ 384,671	$ 350,921	$ 349,250

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Red Bud St	S Walton Blvd	2013	2,362	0.03 mi
S Walton Blvd	Red Bud St	2013	24,469	0.06 mi
Southwest 8th Street	S Walton Blvd	2021	6,900	0.15 mi
South Walton Boulevard	SW 12th St	2021	23,000	0.19 mi
SW 8th St	SW I St	2010	5,522	0.23 mi
SW I St	SW 8th St	2010	8,397	0.24 mi
Southwest I Street	SW 12th St	2021	13,000	0.26 mi
South Walton Boulevard	SW I St	2021	26,000	0.30 mi
SW I St	SW 8th St	2010	9,804	0.32 mi
Southwest 14th Street	D St SW	2021	32,000	0.36 mi

Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

138 Listings
6784 Views
40 Sold

Eric Carlton

Colliers NNN Group

Contact

149 Listings
7359 Views
42 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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