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5140 W Cheyenne Ave - Dash Car Wash | 17+yrs Corp Abs NNN 1,909 SF Specialty Building Offered at $5,276,812 CAD at a 5.25% Cap Rate in Las Vegas, NV 89108
Investment Highlights
- Over 17 Years Remaining | Strong Location | Scheduled Rental Increases | Postitive EBITDA
- Cheyenne Commons (446,000 SF) | North Mesa Plaza (425,000 SF) |Best in the West Center (468,000 SF
- Strong Demographics in 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Primary Retail Corridor | Growing Regional Brand (23+ Locations)
Executive Summary
SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dash Car Wash investment property located in Las Vegas, Nevada. The tenant, Dash Car Wash has over 17 years remaining on their initial term with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Dash Car Wash is a growing brand in the American Southwest, with 23 locations throughout Nevada and Arizona and additional expansion planned.
Property Facts
| Price | $5,276,812 CAD | Lot Size | 1.36 AC |
| Price Per SF | $2,764.18 CAD | Building Size | 1,909 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.25% | Year Built | 2018 |
| Property Type | Specialty | Parking Ratio | 25.67/1,000 SF |
| Property Subtype | Car Wash | ||
| Zoning | C-2 - General Commercial | ||
| Price | $5,276,812 CAD |
| Price Per SF | $2,764.18 CAD |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Lot Size | 1.36 AC |
| Building Size | 1,909 SF |
| No. Stories | 1 |
| Year Built | 2018 |
| Parking Ratio | 25.67/1,000 SF |
| Zoning | C-2 - General Commercial |
Amenities
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 138-12-801-016 | Improvements Assessment | $461,534 CAD |
| Land Assessment | $317,328 CAD | Total Assessment | $778,862 CAD |
Property Taxes
Parcel Number
138-12-801-016
Land Assessment
$317,328 CAD
Improvements Assessment
$461,534 CAD
Total Assessment
$778,862 CAD
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5140 W Cheyenne Ave - Dash Car Wash | 17+yrs Corp Abs NNN
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