46 Stephanie StHenderson, NV 89074

For Sale
$5,916,000

High-ROI Car Wash, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
92
Exceptional investment opportunity: a 2024-built, 4,742 sq ft car wash in Henderson, NV. This single-tenant property boasts a 20-year absolute NNN lease with four 5-year options and a corporate guarantee from WOW Wash Midco II, LLC, a company operating 12 car washes with plans for future expansion. The lease includes a 2% annual rental increase throughout the base term and options, generating a strong NOI of $369,750 and a 6.25% cap rate. Located on a 1.75-acre lot at the high-traffic intersection of N. Stephanie St. and Wigwam Pkwy. (combined traffic exceeding 36,780 vehicles per day), this property benefits from excellent visibility and access. The site is less than a mile from the 215 CC Beltway (approximately 159,000 vehicles per day), providing significant exposure. Surrounded by strong co-tenants including RC Wiley Furniture, Lamps Plus, and several restaurants and banks, this car wash serves a dense and affluent population (approximately 308,462 residents within a 5-mile radius, with an average household income exceeding $105,347). The property is zoned Community Commercial (CC) and qualifies for bonus depreciation, offering significant tax advantages. With 100% occupancy and a prime location in the desirable Stephanie retail corridor, this is a compelling investment opportunity with significant long-term potential. The property's APN is 178-15-310-004.

Highlights

  • $5,916,000 asking price for a 4,742 SF car wash on a 1.75-acre lot.
  • 20-year absolute NNN lease with four 5-year options and a corporate guaranty from WOW Wash Midco II, LLC.
  • 6.25% cap rate with a $369,750 NOI and 100% occupancy.
  • Located at a high-traffic intersection (N. Stephanie St. and Wigwam Pkwy.) near the 215 Beltway, with strong surrounding retail and high-density residential.
  • Qualifies for bonus depreciation and benefits from Nevada's no-income-tax status.

Property Details for 46 Stephanie St

Property type
Other specialty properties, Automotive properties
Square Feet
4,742 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
76,230 SF
Units
1

Location Insight

City
Henderson
County
Clark
State
Nevada
Latitude
36.032316
Longitude
-115.045636
46 Stephanie St, Henderson, Nevada

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46 Stephanie St
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