- For Sale $2,950,000
- Property Type Retail
- Lot Size 1.05 SF
- Date Updated Apr 24, 2024
The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to purchase a single tenant asset that is fully occupied by Splash Car Wash in Conway, AR. Splash Car Wash, Conway has occupied this location since 2012. A long-standing owner operator business that has been in place for over a decade.
The 4,042 SF standalone building holds 4 self-serve stalls with 2 in bay soft touch automatic drive thru’s. Sitting on a 1.05-acre parcel, this car wash is strategically positioned on the hard corner signalized intersection of Hogan Ln and Dave Ward Dr, which have a combined traffic count of over 23K+ VPD, and is only 35 minutes from Little Rock, Arkansas with an MSA population exceeding 202,000. Nearby retailers include Walmart Supercenter, Advance Auto Parts, O’Reillys, Wendy’s, Zaxby’s Chicken, Murphy USA, Subway, and more.
This is a great opportunity to purchase a long-term Single Tenant cash flowing car wash with over 12 years of occupancy, with significant upside potential through increased monthly membership or redevelopment into a fully automatic express wash. Total gross income exceeds $340,000 with a net income of $188,000 consistently over the past years. High potential to grow gross income through monthly membership sales.
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Location
Getting Around
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Walk Score ®
39/100 Car-Dependent -
Bike Score ®
34/100 Somewhat Bikeable
- City Conway, AR
- Neighborhood Dallas
- Zip Code 72034
- Market Little Rock
Points of Interest
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Murphy USA
0.26 miles
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Exxon
1.12 miles
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Citgo
1.24 miles
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Fina
2.81 miles
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Shell
3.18 miles
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Sinclair
3.68 miles
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Kum & Go
3.73 miles
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Murphy USA
3.86 miles
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Exxon
3.96 miles
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Valero
3.99 miles
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Adam's Lake Parking Area
8.10 miles
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Subway
0.07 miles
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Wendy's
0.12 miles
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Taco Bell
1.90 miles
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Sonic
1.94 miles
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Chick-fil-A
2.14 miles
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Sonic
2.73 miles
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Taco Bueno
2.86 miles
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Krispy Kreme
2.89 miles
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Hardee's
2.93 miles
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Diablos Tacos
3.15 miles
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Walmart Supercenter
0.21 miles
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Walmart Neighborhood Market
2.21 miles
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Kroger
3.78 miles
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Walmart Supercenter
3.96 miles
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JCPenney
4.41 miles
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Ross
4.46 miles
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Target
4.46 miles
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TJ Maxx
4.50 miles
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Kohl's
4.53 miles
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Harps Food Store
8.32 miles
Frequently Asked Questions
What is the lease rate for Splash Car Wash | Significant Upside Potential?
Rental asking rate at Splash Car Wash | Significant Upside Potential is $1,475,000.00/YR.
What is the total square footage of Splash Car Wash | Significant Upside Potential?
Splash Car Wash | Significant Upside Potential totals 4,042 square feet.
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