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6347 W Lake Mead Blvd - WOW Carwash 4,800 SF Specialty Building Offered at $10,636,911 CAD at a 5.85% Cap Rate in Las Vegas, NV 89108
INVESTMENT HIGHLIGHTS
- Strong Unit Level Performance!
- Qualifies For 100% Bonus Deprecation
- Strong daytime population of ±449,581 within a 5-mile radius
- 20-Year Absolute NNN Lease - WOW Wash Midco II, LLC Corporate Guarantee
- Hard Corner of a Signalized Intersection (±46,645 VPD) and East of the I-11 Freeway (±181,000 VPD)
- 2-miles from the future Hylo Mixed-Use Project (73 AC)
EXECUTIVE SUMMARY
STRONG UNIT LEVEL PERFORMANCE!
Colliers is pleased to present an exclusive opportunity to acquire ownership of a STNL WOW Carwash drive-thru in the Las Vegas MSA. The property benefits from a new 20-Year Absolute NNN lease and qualifies for 100% bonus depreciation – allowing investors tremendous tax savings in Year 1 of ownership.
The property is well positioned just east of the I-11 Freeway at the signalized intersection of Lake Mead Blvd. and Torrey Pines Dr. with combined traffic counts exceeding (±227,645 VPD). National co-tenants within the area include Walmart, Absolute Dental, CVS Pharmacy, Best Buy, ULTA, DSW, Ross Dress for Less, Barnes & Noble, Hobby Lobby, Whole Foods Market, and many more!
A major mixed-use residential and retail redevelopment, Hylo Park, is currently under construction 2-miles from the property and is expected to bring 925 jobs and will include a 150-room hotel, 665 housing units, a 100K SF Vegas Golden Knights hockey facility and additional retail to include restaurants, bars, QSRs, and a childcare center. The asset is surrounded by strong nearby demand drivers and services the dense and affluent Summerlin, Pueblo, and Desert Shores with ±445,741 residents and an average household income of ±$98,274 within a 5-mile radius.
Colliers is pleased to present an exclusive opportunity to acquire ownership of a STNL WOW Carwash drive-thru in the Las Vegas MSA. The property benefits from a new 20-Year Absolute NNN lease and qualifies for 100% bonus depreciation – allowing investors tremendous tax savings in Year 1 of ownership.
The property is well positioned just east of the I-11 Freeway at the signalized intersection of Lake Mead Blvd. and Torrey Pines Dr. with combined traffic counts exceeding (±227,645 VPD). National co-tenants within the area include Walmart, Absolute Dental, CVS Pharmacy, Best Buy, ULTA, DSW, Ross Dress for Less, Barnes & Noble, Hobby Lobby, Whole Foods Market, and many more!
A major mixed-use residential and retail redevelopment, Hylo Park, is currently under construction 2-miles from the property and is expected to bring 925 jobs and will include a 150-room hotel, 665 housing units, a 100K SF Vegas Golden Knights hockey facility and additional retail to include restaurants, bars, QSRs, and a childcare center. The asset is surrounded by strong nearby demand drivers and services the dense and affluent Summerlin, Pueblo, and Desert Shores with ±445,741 residents and an average household income of ±$98,274 within a 5-mile radius.
PROPERTY FACTS
| Price | $10,636,911 CAD | Building Class | B |
| Price Per SF | $2,216.02 CAD | Lot Size | 1.47 AC |
| Sale Type | Investment | Building Size | 4,800 SF |
| Cap Rate | 5.85% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Car Wash | ||
| Zoning | C-1 - Limited Commercial | ||
| Price | $10,636,911 CAD |
| Price Per SF | $2,216.02 CAD |
| Sale Type | Investment |
| Cap Rate | 5.85% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.47 AC |
| Building Size | 4,800 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Zoning | C-1 - Limited Commercial |
PROPERTY TAXES
| Parcel Number | 138-23-720-007 | Improvements Assessment | $457,693 CAD |
| Land Assessment | $314,264 CAD | Total Assessment | $771,957 CAD |
PROPERTY TAXES
Parcel Number
138-23-720-007
Land Assessment
$314,264 CAD
Improvements Assessment
$457,693 CAD
Total Assessment
$771,957 CAD
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6347 W Lake Mead Blvd - WOW Carwash
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