Cap Rate
5.99%
Price Per SF
$1,280
Gross SQFT
33,456
Year Built
2022
Leasable Area
2,890 SF
Term Remaining
±19.25 YRS
Property Type
Retail
INVESTMENT HIGHLIGHTS
- EXPANDING OPERATOR: Under parent company, Raceway Express Car Wash with 39 locations, Sierra Express Car Wash has expanded to 11 locations throughout Nevada and California.
- QUALITY FOR BONUS DEPRECIATION: Car washes qualify for bonus depreciation which allows for additional tax benefits.
- NEW CONSTRUCTION: Building recently constructed in 2022 featuring 2 lanes and 10 vacuum stations.
- RETAIL CORRIDOR: Located on the main retail corridor in Carson City, highlighted local retailers are McDonalds, CVS, Grocery Outlet, Anytime Fitness, Wendy’s and the airport less than 3 miles away.
- ABSOLUTE NNN LONG-TERM LEASE: New 15-year lease with built in 1.50% annual increases on an Absolute NNN offering truly passive income.
- GROWING MARKET: Carson City is centrally located near Reno and Lake Tahoe, making it an ideal hub for business commerce. It is positioned on key transportation routes such as I-580 and US 50, facilitating easy access to other parts of Nevada and California
Broker of Record
- David Harrington
- License No. B.1003120.CORP (NV)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203