Splash Car Wash

2116 North Reynolds Road, Bryant, AR 72022

$5,218,855

Cap Rate 7.25%

Views: 22 DOM: 43 Updated: 04.04.24 Posted: 04.04.24 Status: Active

Summary

Price $5,218,855	Built/Renov 2023	Tenant Splash Car Wash
Cap Rate 7.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,120	Lease Start 12-01-2023	#Units 28
Price/SF $1,019.31	Expiration 11-30-2043	Tenant Type Automotive
NOI $378,367	R. Term 19.6	Ownership Fee Simple
Rent/SF $73.90	Increases 1.5%/1/yrs	Pop 5Mi 65,427
Lot/AC 1.20	Options 2/5yrs/1.5%	AHHI 5Mi $88,319

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 N Reynolds Road (Hwy 183), with access to 25,300 vehicles passing by daily. The property enjoys a prime location within a half-mile radius of Interstate 30/Hwy 67 (119,000 VPD), situated within a premier retail corridor surrounded by well-known national tenants such as Lowe's Home Improvement, Walmart Supercenter, Ashley HomeStore, Aspen Dental, and...

...

Key Features

New construction
Build to suit
Dense retail corridor
Highway location
Top 100 MSA
Affluent suburb location
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Corporate Guarantee

...

Links

Splash Car Wash Wikipedia Bryant, Arkansas Zip Code 72022 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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	5,241	32,137	69,565
2023 Total Population :	5,133	30,859	66,581
2023 Employed Civilian Pop :	2,782	17,258	35,833
2023 Total Businesses :	508	1,052	1,734
2023 Average Household Income :	$ 103,128	$ 97,550	$ 94,826
2023 Total Consumer Spending :	$ 184 M	$ 1035 M	$ 2126 M
2023 Median Age :	40	38	39
2023 Total Households :	2,080	12,276	25,967
2023 Pop Age 25+: Bachelor's Degree :	982	5,738	10,698
2023 Average Home Value :	$ 210,176	$ 257,640	$ 257,714

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Reynolds Road	Evans Loop	2021	26,000	0.03 mi
Dell Drive	N Reynolds Rd	2021	2,000	0.10 mi
	Frontage Rd	2018	10,000	0.21 mi
30	Frontage Rd	2021	11,000	0.21 mi
Roya Lane	N Reynolds Rd	2021	1,600	0.23 mi
30	N Reynolds Rd	2021	10,000	0.26 mi
30	N Reynolds Rd	2021	5,700	0.27 mi
Bishop Drive	Edgewood Dr	2021	1,200	0.28 mi
30	Frontage Rd	2021	5,900	0.29 mi
I- 30	N Reynolds Rd	2017	5,900	0.32 mi

Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

138 Listings
6785 Views
40 Sold

Eric Carlton

Colliers NNN Group

Contact

149 Listings
7360 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

...

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

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT