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5730 S Jones Blvd - LUV Car Wash 5,521 SF Specialty Building Offered at $8,008,630 CAD at a 6.25% Cap Rate in Las Vegas, NV 89118
Investment Highlights
- Over 15 Years Remaining on Absolute Triple-Net (NNN) Lease - Newer 2020 Construction
- LUV Car Wash has Over 80 Locations Across California, Nevada, Florida, Georgia, and Pennsylvania
- Signalized Hard Corner Location, Accessible by Approximately 50,600 Cars per Day at the Corner of S. Jones Boulevard and W. Russell Road
- Annual Rental Increases with Multiple Renewal Options
- Densely-Populated Trade Area Near the Las Vegas Strip - Over 632,200 Daytime Population within a Five-Mile Radius
- Jones Boulevard Recently Underwent a $19.2 Million Improvement and Expansion Project that will Help Drive Further Traffic to the Location
Executive Summary
LUV Car Wash is a leading express car wash brand with more than 80 locations in California, Nevada, Florida, Georgia, and Pennsylvania. LUV delivers fast, high-quality washes through eco-conscious technology, premium customer service, and monthly membership options.
The Las Vegas-Henderson-Paradise MSA is one the fastest-growing metros in the nation, with a population of more than 2.3 million. Over the next five years, the metro’s population is expected to grow by 6 percent.
The Las Vegas-Henderson-Paradise MSA is one the fastest-growing metros in the nation, with a population of more than 2.3 million. Over the next five years, the metro’s population is expected to grow by 6 percent.
Property Facts
| Price | $8,008,630 CAD | Lot Size | 0.95 AC |
| Price Per SF | $1,450.58 CAD | Building Size | 5,521 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 6.25% | Year Built | 2020 |
| Property Type | Specialty | Parking Ratio | 2.28/1,000 SF |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | C-1 | ||
| Price | $8,008,630 CAD |
| Price Per SF | $1,450.58 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 6.25% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.95 AC |
| Building Size | 5,521 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Parking Ratio | 2.28/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C-1 |
Amenities
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 163-36-110-003 | Improvements Assessment | $519,961 CAD |
| Land Assessment | $422,933 CAD | Total Assessment | $942,896 CAD |
Property Taxes
Parcel Number
163-36-110-003
Land Assessment
$422,933 CAD
Improvements Assessment
$519,961 CAD
Total Assessment
$942,896 CAD
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5730 S Jones Blvd - LUV Car Wash
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