1124 W Kimberly Rd - Freestanding FOR SALE


Davenport, IA 52806- North Side
$3,123,077 USD
513-300-0763
1124 W Kimberly Rd, Davenport, IA for Sale
$3,123,077 USD
Freestanding - FOR SALE
1/2
null | 6.5% Cap Rate

1124 W Kimberly Rd
Davenport, IA 52806
North Side


HIGHLIGHTS

  • Bonus Depreciation Opportunity
  • Strong Corporate Guarantee
  • Long Term, Absolute Triple-Net (NNN) Lease
  • Priced Below Replacement Cost

OVERVIEW

Bang Realty is pleased to present the exclusive listing for a Pro-Clean Car Wash located at 1124 W. Kimberly Road, Davenport, IA 52806. The site consists of roughly 14,723 rentable square feet of building space on an estimated 1.28-acre parcel of land. This Pro-Clean Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 12/20/2018. The current annual rent is $203,000 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$3,123,077 USD

PRICE/SF

$252 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pro-Clean Car Wash

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

C2

APN/PARCEL ID

P1408C01A

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.