Splash Car Wash

1907 SW Regional Airport Blvd, Bentonville, AR 72712

$5,909,646

Cap Rate 6.50%

Views: 31 DOM: 43 Updated: 04.04.24 Posted: 04.04.24 Status: Active

Summary

Price $5,909,646	Built/Renov 2023	Tenant Splash Car Wash
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,800	Lease Start 02-01-2024	#Units 28
Price/SF $1,018.90	Expiration 02-29-2044	Tenant Type Automotive
NOI $384,127	R. Term 19.9	Ownership Fee Simple
Rent/SF $66.23	Increases 1.5%/1/yrs	Pop 5Mi 112,699
Lot/AC 2.03	Options 2/5yrs/1.5%	AHHI 5Mi $134,581

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 at the signalized, hard corner intersection of SW Regional Airport Blvd. and SW Bright Road, with access to a combined daily traffic count of 31,367 vehicles. The property is surrounded by well-known national tenants including Walmart Neighborhood Market, McDonald’s, Slim Chickens, Taco Bell, Scooter’s Coffee, and more. Additionally, several Fortune 500...

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Key Features

New construction
Hard corner intersection
Near major nationals
Strategically located
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 :	11,638	51,957	122,109
2023 Total Population :	10,821	48,091	113,011
2023 Employed Civilian Pop :	5,828	26,043	59,437
2023 Total Businesses :	91	2,116	3,902
2023 Average Household Income :	$ 139,636	$ 129,971	$ 134,603
2023 Total Consumer Spending :	$ 457 M	$ 2036 M	$ 4823 M
2023 Median Age :	32	32	34
2023 Total Households :	3,872	18,221	41,758
2023 Pop Age 25+: Bachelor's Degree :	2,122	9,199	21,296
2023 Average Home Value :	$ 309,050	$ 346,672	$ 358,503

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
SW Regional Airport Blvd	SW Featherston Rd	2012	14,000	0.35 mi
SW Bright Rd	Swbright Rd	2014	3,029	0.41 mi
SW Bright Rd	SW Nottingham Ave	2014	3,367	0.51 mi
Southwest Regional Airport Boulevard	SW Eden Brook St	2021	34,000	0.55 mi
SW Joshua Ave	SW Azalra Ave	2014	632	0.59 mi
SW Regional Airport Blvd	SW Eden Brooke St	2017	28,000	0.62 mi
		2014	4,170	0.70 mi
SW I St	SW Regional Airport Blvd	2014	4,906	0.70 mi
SW Regional Airport Blvd	SW I St	2014	21,205	0.76 mi
Featherston Rd	SW Featherston Rd	2014	965	0.82 mi

Listing Broker

Eric Carlton

Colliers NNN Group

Contact

149 Listings
7452 Views
42 Sold

Jereme Snyder

Colliers NNN Group

Contact

138 Listings
6868 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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