2210 WarmParadise, NV 89119

For Sale
$6,528,000

High-traffic, NNN-leased car wash.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 4,814 sq ft, single-story car wash in Las Vegas, NV, presents a compelling investment opportunity. Built in 2024, it boasts a 20-year absolute NNN lease with four 5-year options and a corporate guarantee from WOW Wash Midco II LLC, ensuring consistent income with 2% annual rent increases. The property sits on a 1.49-acre lot in a prime retail location at the high-traffic intersection of E Warm Springs Rd. and Eastern Ave., with approximately 70,500 vehicles passing daily. Its strategic placement near major retailers like Albertsons and Walmart, and close proximity to the CC 215 Freeway and Las Vegas' main car rental hub, guarantees high visibility and customer flow. The property's strong financial performance is reflected in its 100% occupancy, $408,000 NOI, and 6.25% cap rate. The asking price is $6,528,000. This investment qualifies for bonus depreciation, offering significant tax advantages. The Commercial General (CG) zoning ensures flexibility and future potential. The property's location serves the densely populated communities of Paradise, Green Valley, Silverado Ranch, and Whitney Ranch. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a thriving market. The property's APN is 177-02-802-003.

Highlights

  • $6,528,000 asking price for a 20-year Absolute NNN lease car wash with four 5-year options and a corporate guarantee from WOW Wash Midco II LLC, including 2% annual rent increases.
  • Prime retail location on Warm Springs Road with high daily traffic, near major retailers like Albertsons and Walmart.
  • Bonus depreciation eligibility and no Nevada state income tax.
  • High-traffic intersection (E Warm Springs Rd. & Eastern Ave., ~70,500 VPD), near the CC 215 Freeway (~165,000 VPD), and Las Vegas' main car rental hub.

Property Details for 2210 Warm

Property type
Other specialty properties, Automotive properties
Square Feet
4,814 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
64,904 SF
Units
1

Location Insight

City
Paradise
County
State
Nevada
Latitude
36.057203792591
Longitude
-115.12156122443
2210 Warm, Paradise, Nevada

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2210 Warm
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