2251 Sahara AveLas Vegas, NV 89104

For Sale
$6,528,000

High-traffic location, strong NOI, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 2024-built, 4,814 square foot car wash located at 2251 E Sahara Ave, Las Vegas, NV 89104. The property sits on a 1.74-acre lot (APN 162-01-401-014) and boasts a prime location at the signalized intersection of Sahara Ave and Eastern Ave, experiencing combined daily traffic counts exceeding 83,850 vehicles. This single-unit car wash operates under a 20-year absolute NNN lease with a corporate guarantee from WOW Wash Midco II LLC, a company with 12 operational car washes and plans for future expansion, backed by Garnett Station Partners, managing $2.3 billion in assets. The lease includes four 5-year options and features a 2% annual rental increase. The property generates a strong net operating income (NOI) of $408,000, resulting in a 6.25% cap rate. The asking price is $6,528,000. Benefiting from its location within the Sahara Avenue auto dealership corridor, alongside major brands like Nissan, Honda, Tesla, and others, and nearby national tenants such as Sonic, Cardenas Market, and Wendy's, this car wash enjoys exceptional visibility and accessibility. The property is less than two miles from the US-95 Freeway, serving a dense population of approximately 525,823 residents within a 5-mile radius, with an average household income of approximately $61,044. The property is zoned Limited Commercial (C-1) and qualifies for bonus depreciation, offering significant tax advantages. This is a turnkey investment with exceptional potential for long-term growth and passive income.

Highlights

  • 2024-built, 4,814 SF car wash on a 1.74-acre lot in Las Vegas, NV. The property is located at a signalized intersection with over 83,850 VPD.
  • 20-year absolute NNN lease with four 5-year options and a 2% annual rent increase. Corporate guarantee from WOW Wash Midco II LLC, backed by Garnett Station Partners ($2.3B AUM).
  • Prime retail location in the Sahara Avenue auto dealership corridor, near major brands and national tenants (Sonic, Cardenas Market, Wendy's).
  • High-traffic location less than two miles from the US-95 Freeway, serving a dense population (525,823 residents within 5 miles) with an average household income of $61,044.
  • Qualifies for bonus depreciation; Nevada has no state income tax. $6,528,000 asking price, $408,000 NOI, 6.25% cap rate.

Property Details for 2251 Sahara Ave

Property type
Other specialty properties, Automotive properties
Square Feet
4,814 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
75,794 SF
Units
1

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.145254
Longitude
-115.117358
2251 Sahara Ave, Las Vegas, Nevada

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2251 Sahara Ave
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