$1,332,000 USD
760-642-9942
6136 SE 14th St
Des Moines, IA 50320
South Park
HIGHLIGHTS
- Listed for $1,332,000 yielding a cap rate of 6.00%
- Abs. NNN Lease offers a passive investment for any investor
- Corporate Tenant - backed by Jiffy Lube International (a wholly-owned subsidiary of Monomoy Capital Partners) offers security of income
- Rent Increases - 2% annual rent increases provide an effective hedge against inflation, preserving and growing income
- Long-Term Lease of 13+ Years provides significant guaranteed income
- Tax Benefits - Auto service properties may be eligible for an accelerated depreciation schedule
FOR SALE DETAILS
PRICE
$1,332,000 USD
PRICE/SF
$658 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Jiffy Lube
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.63 AC
LAND SF
27,443 SF
ZONING
C-2
APN/PARCEL ID
120-04472277000
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760-642-9942
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760-642-9942
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