Splash Car Wash

3610 East Kiehl Avenue, Sherwood, AR 72120

$4,911,066

Cap Rate 7.50%

Views: 19 DOM: 44 Updated: 04.03.24 Posted: 04.03.24 Status: Active

Summary

Price $4,911,066	Built/Renov 2022	Tenant Splash Car Wash
Cap Rate 7.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,968	Lease Start 12-01-2023	#Units 28
Price/SF $822.90	Expiration 11-30-2043	Tenant Type Automotive
NOI $368,330	R. Term 19.6	Ownership Fee Simple
Rent/SF $61.72	Increases 1.5%/1/yrs	Pop 5Mi 82,602
Lot/AC 0.98	Options 2/5yrs/1.5%	AHHI 5Mi $84,426

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
Corporate guaranteed lease

Location Description

Splash Car Wash strategically located at the signalized, hard corner intersection of Kiehl Avenue and Brockington Road, with access to a combined daily traffic count of 21,000 vehicles. Notably, Kiehl Avenue features a dedicated turn lane directly into the site, enhancing accessibility for users. The immediate vicinity is surrounded by well-known national retailers, banks, and quick-service...

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Key Features

Signalized intersection
Build to suit
Dense retail corridor
Freeway close
Top 100 MSA
Brand new lease
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Corporate Guarantee

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Links

Splash Car Wash Wikipedia Sherwood, Arkansas Zip Code 72120 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 :	7,198	39,629	82,727
2023 Total Population :	7,191	39,396	82,658
2023 Employed Civilian Pop :	3,467	19,010	38,529
2023 Total Businesses :	391	1,314	3,041
2023 Average Household Income :	$ 77,371	$ 92,958	$ 88,119
2023 Total Consumer Spending :	$ 214 M	$ 1345 M	$ 2711 M
2023 Median Age :	38	41	39
2023 Total Households :	3,204	16,758	35,496
2023 Pop Age 25+: Bachelor's Degree :	989	6,442	12,511
2023 Average Home Value :	$ 209,141	$ 229,541	$ 224,355

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
East Kiehl Avenue	Brockington Rd	2021	22,000	0.03 mi
East Kiehl Avenue	Manson Rd	2021	18,000	0.25 mi
67	Warden Rd	2021	14,000	0.29 mi
Brookswood Road	Warden Rd	2021	14,000	0.31 mi
Landers Road	Rixie Rd	2021	2,400	0.40 mi
Landers Road	Rixie Rd	2021	2,500	0.42 mi
Warden Rd	Manson Rd	2017	3,900	0.44 mi
US 67;US 167	Sherwood Way	2021	3,700	0.50 mi
BROCKINGTONRD	Austin Bay Ct	2021	24,000	0.54 mi
67	Lantrip Rd	2021	11,000	0.55 mi

Listing Broker

Eric Carlton

Colliers NNN Group

Contact

149 Listings
7370 Views
42 Sold

Jereme Snyder

Colliers NNN Group

Contact

138 Listings
6794 Views
40 Sold

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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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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