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5611 South Durango Dr - Quick Quack Car Wash

3,600 SF Speciality Building Offered at £2,797,005 at a 5.50% Net Initial Yield in Las Vegas, NV 89148

Investment Highlights

  • Strategic Location Just Off the Signalized Hard Corner
  • Less than 8 Miles from Las Vegas Strip - Las Vegas MSA GDP of $150 Billion
  • Highly Trafficked Intersection (47,500 AADT) with Excellent Access from Interstate 215 (91,000 AADT)
  • 2 Miles from Southern Hills Hospital and Medical Center

Executive Summary

20-Year Corporate Ground Lease to Quick Quack Car Wash
- No Landlord Maintenance Responsibilities
- Scheduled 10% Rental Escalations Throughout Primary Term and Rare Scheduled 12.5% Rental Escalations Throughout Option Terms
Brand New 2025 Construction
Quick Quack Car Wash is 4th Largest Car Wash Brand in the U.S.
- Rapidly Growing with 240 Locations Across Western U.S. & More Under Development

Property Facts

Price £2,797,005
Price Per SF £777
Sale Type Investment
Net Initial Yield 5.50%
Sale Conditions Ground Lease (Leased Fee)
Property Type Speciality
Property Subtype Car Wash
Building Class C
Lot Size 1.27 AC
Building Size 3,600 SF
Number of Floors 1
Year Built 2024

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
163-29-813-004
Land Assessment
£285,890
Improvements Assessment
£0
Total Assessment
£285,890
  • Listing ID: 33950844

  • Date on Market: 21/11/2024

  • Last Updated:

  • Address: 5611 South Durango Dr, Las Vegas, NV 89148

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