1221 W 41st St - Car Washes FOR SALE


Sioux Falls, SD 57105
$3,649,635 USD
513-300-0763
1221 W 41st St, Sioux Falls, SD for Sale
$3,649,635 USD
Car Washes - FOR SALE
1/6
null | 6.85% Cap Rate

1221 W 41st St
Sioux Falls, SD 57105


OVERVIEW

Absolute NNN Lease - Long-term absolute NNN lease with zero landlord responsibilities. Investors benefit from scheduled annual rent increases, more than 13 years of term remaining, and two 10-year renewal options, providing secure and predictable income. Established Tenant - The tenant has operated successfully at this location since 2019. Founded in 2010, Silverstar Car Wash has expanded to 35 locations across five Midwest states and continues to grow, underscoring its strength and stability as an operator. E-Commerce Resistant Property - Car washes are insulated from online retail disruption, as their services cannot be replicated or replaced through e-commerce. This is a necessary, on-site service requiring specialized infrastructure and direct customer use, making it a durable and recession-resistant asset class. Potential Tax Advantages - Car wash properties are eligible for bonus depreciation benefits, offering investors accelerated write-offs and potential tax savings. As rules may change, investors should always consult with their tax professional regarding current eligibility. Strong Market Fundamentals - Sioux Falls boasts a diversified economy anchored by healthcare, finance, and retail, supported by a growing, well-educated workforce. With no state personal income tax, a low cost of living, and a strategic location at the crossroads of I-29 and I-90, the city attracts both businesses and residents, fueling long-term growth. Solid Demographics - As South Dakota’s largest city, Sioux Falls has posted consistent double-digit population growth every census for the last century. Within a five-mile radius, the population exceeds 180,000 with average household incomes above $90,000, reflecting a strong consumer base.

FOR SALE DETAILS

PRICE

$3,649,635 USD

PRICE/SF

$528 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Silverstar Car Wash | 41st St, Sioux Falls

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

NO;SPECIAL

APN/PARCEL ID

57508

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.