11410 Forest Ave - Car Washes FOR SALE


$5,836,644 USD
513-300-0763
11410 Forest Ave, Clive, IA for Sale
$5,836,644 USD
Car Washes - FOR SALE
1/2
null | 6% Cap Rate


HIGHLIGHTS

  • Long Term NNN Lease with 2% Annual Increases
  • BTS by Tidal Wave, Site Selected & Developed by Tenant in 2022
  • Strong Corporate Guarantee
  • Accelerated Depreciation

OVERVIEW

Bang Realty is pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 11410 Forest Ave, Clive, IA 50325. The site consists of roughly 3,205 rentable square feet of building space on an estimated 1.52-acre parcel of land. This Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease, which commenced 12/1/2022. The current annual rent is $350,199 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$5,836,644 USD

PRICE/SF

$1,821 USD /SF

CAP RATE

6%

% 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

1.52 AC

LAND SF

66,211 SF

ZONING

C-4

APN/PARCEL ID

291-00773001000

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.