Car Washes /MN /Mower County /Austin /1008 18th Ave NW
Car Washes /MN /Mower County /Austin /1008 18th Ave NW

1008 18th Ave NW - Car Washes FOR SALE


Austin, MN 55912 | 
$5,368,420 USD
918-794-9538
1008 18th Ave NW, Austin, MN for Sale
$5,368,420 USD
Car Washes - FOR SALE
1/4
null | 6.65% Cap Rate
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1008 18th Ave NW
Austin, MN 55912

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HIGHLIGHTS

  • 20-YR, CORPORATE ABS. NNN LEASE WITH 2% INCREASES
  • STRONG OPERATOR WITH 300+ LOCATIONS & GROWING
  • 72% OF DRIVERS USE CAR WASHING SERVICES
  • ELIGIBLE FOR ACCELERATED DEPRECIATION & BONUS DEPRECIATION
  • WALMART-ANCHORED CORRIDOR NEAR HORMEL HQ
  • ONLY CONVEYOR-STYLE CAR WASH IN AUSTIN

FOR SALE DETAILS

PRICE

$5,368,420 USD

PRICE/SF

$1,497 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tidal Wave Auto Spa

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

-

APN/PARCEL ID

34-900-0405

ASK ABOUT THIS PROPERTY

Anne PerraultNorthmarqMore Info
918-794-9538

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Anne PerraultNorthmarqMore Info
918-794-9538

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