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SEC Durango Drive & Blue Diamond Road - WOW Carwash 4,459 SF Specialty Building Offered at $10,974,680 CAD at a 6% Cap Rate in Las Vegas, NV 89178
Investment Highlights
- 20-Year Absolute NNN Lease
- WOW Wash Midco II, LLC Corporate Guarantee
- Over 282 feet of frontage on Blue Diamond Rd. and 330 feet of frontage on Durango Dr.
- Qualifies For 100% Bonus Deprecation
- High Traffic Intersection at Blue Diamond Rd. and Durango Dr. (±78,700 VPD)
- Benefits from a daytime population of ±202,039 consumers within 5-miles
Executive Summary
Colliers is pleased to present an exclusive opportunity to acquire ownership of a STNL WOW Carwash in the Las Vegas, NV 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 at the hard corner signalized intersection of Blue Diamond Rd. and S Durango Dr., with traffic counts in excess of ±78,700 VPD. The property is located within the highly desirable Blue Diamond retail corridor, with nearby national co-tenants including Albertsons, Planet Fitness, ROSS, Starbucks, Circle K, Maverick, Walgreens, Chevron, McDonald’s, Liquor World, Tire Works, Take 5 Oil Change and more! The asset benefits from a daytime population of ±202,039 consumers within 5-miles.
The property services a dense and mature trade area consisting of ±243,891 residents with an average annual household income of ±$133,884 within a 5-mile radius. The site is located within the Mountain’s Edge master planned community (±12,500 homes on ±3,500 AC) and is surrounded by affluent residential neighborhoods, including Southern Highlands. Additional infill of developed nearby housing communities, including the new Ironwood by Century located immediately north of the site, adding 105 single-family homes to the trade area.
The property is well positioned at the hard corner signalized intersection of Blue Diamond Rd. and S Durango Dr., with traffic counts in excess of ±78,700 VPD. The property is located within the highly desirable Blue Diamond retail corridor, with nearby national co-tenants including Albertsons, Planet Fitness, ROSS, Starbucks, Circle K, Maverick, Walgreens, Chevron, McDonald’s, Liquor World, Tire Works, Take 5 Oil Change and more! The asset benefits from a daytime population of ±202,039 consumers within 5-miles.
The property services a dense and mature trade area consisting of ±243,891 residents with an average annual household income of ±$133,884 within a 5-mile radius. The site is located within the Mountain’s Edge master planned community (±12,500 homes on ±3,500 AC) and is surrounded by affluent residential neighborhoods, including Southern Highlands. Additional infill of developed nearby housing communities, including the new Ironwood by Century located immediately north of the site, adding 105 single-family homes to the trade area.
Property Facts
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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SEC Durango Drive & Blue Diamond Road - WOW Carwash
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