2015 2nd St - Car Washes FOR SALE


Coralville, IA 52241
$6,360,000 USD
949-431-2735
2015 2nd St, Coralville, IA for Sale
$6,360,000 USD
Car Washes - FOR SALE
1/3
null | 6.01% Cap Rate

2015 2nd St
Coralville, IA 52241


HIGHLIGHTS

  • Absolute NNN, 20-Year Sale-Leaseback
  • 2.00% Annual Increases
  • 100% Bonus Depreciation

OVERVIEW

• Single-Tenant Club Car Wash Sale-Leaseback: ° Corporately guaranteed lease by Club Car Wash ° Absolute NNN Lease with zero landlord responsibilities ° 20-year initial lease term with four 5-year options ° 2.00% annual increases during primary term and options • About Club Car Wash: ° 235+ locations across 13 states throughout the Midwest, Texas & Colorado ° Private equity backed by multi-billion dollar firm, Wildcat Capital Management ° Travis Kelce, Star Tight-End for the KC Chiefs is a co-owner, and is the official car wash of the KC Chiefs ° Expanding rapidly through acquisition & greenfield development

FOR SALE DETAILS

PRICE

$6,360,000 USD

PRICE/SF

$1,135 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Club Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

-

APN/PARCEL ID

1006284006

ASK ABOUT THIS PROPERTY

Austin BlodgettRealSource GroupMore Info
949-431-2735

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Austin BlodgettRealSource GroupMore Info
949-431-2735

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