Car Wash + Take 5 Sublease | Fee Simple | Searcy, AR — Sale in Searcy, AR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Searcy, AR 72143

Photos

Car Wash + Take 5 Sublease | Fee Simple | Searcy, AR — Sale in Searcy, AR, photo 1 of 3
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Investment Figures

Cap rate
8.13%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire a multi-income investment property at 3608 East Race Avenue in Searcy, Arkansas. The acquisition includes leasehold interest ownership of ±2.08 acres, an established self-serve car wash business (Oasis Car Wash), a long-term Take 5 Oil Change NNN ground sublease, and an onsite icehouse. The property generates $191,132 in current EBITDA at an 8.79% yield, with projected EBITDA of $203,732 through low-cost vending additions. The Take 5 sublease provides $60,000 in annual rental income with ±14 years remaining, 10% rent increases every five years, and three (3) five-year renewal options. The car wash operates with very low labor requirements supporting absentee ownership, and its membership program generates predictable recurring revenue. The property is eligible for 100% bonus depreciation. The property sits along East Race Avenue (U.S. Highway 64, ±18,614 VPD), one of Searcy's primary commercial corridors, with access to Interstate 57 (±22,215 VPD). Nearby retailers include Walmart, Lowe's, Academy Sports + Outdoors, and Hobby Lobby at Searcy City Center. The 5-mile trade area holds 29,815 residents with an average household income of $77,706, supported by Harding University (4,700+ enrollment) and Unity Health-White County Medical Center. Searcy, a top-10 fastest-growing community in Arkansas, is bolstered by the $93 million #MySearcy initiative and a new ALDI under construction on the adjacent Beebe Capps corridor. The Searcy MSA (79,575 residents) continues to attract investment as a regional hub for healthcare, education, and commerce. Investment Highlights: • Leasehold Interest Multi-Income Acquisition: Established Car Wash Business, Take 5 NNN Ground Sublease, and Onsite Icehouse • $191,132 Current EBITDA at an 8.79% Yield | Projected $203,732 w/ Low-Cost Vending Additions • Take 5 Oil Change NNN Ground Sublease: ±14 Years Remaining | $60,000 Annual Rent | 10% Bumps/5 Yrs • Very Low-Labor, Abs

Market Context

This retail in Searcy, AR is listed for sale. It is offered at an approximate 8.1% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Searcy, AR — view the full market.

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