1620 S Sycamore Ave - Car Washes FOR SALE


Sioux Falls, SD 57110
$3,260,870 USD
513-300-0763
1620 S Sycamore Ave, Sioux Falls, SD for Sale
$3,260,870 USD
Car Washes - FOR SALE
1/2
null | 6.9% Cap Rate

1620 S Sycamore Ave
Sioux Falls, SD 57110


HIGHLIGHTS

  • Long-Term Absolute Triple-Net (NNN) Lease
  • Attractive Annual Rent Increases
  • Strong Corporate Guarantee

OVERVIEW

Bang Realty is pleased to present the exclusive listing for a Mammoth Car Wash located at 1620 S Sycamore Ave, Sioux Falls, SD 57110. The site consists of roughly 3,126 rentable square feet of building space on an estimated 0.69-acre parcel of land. This Mammoth Car Wash is subject to a 14-year Triple Net (NNN) lease, which commenced 7/24/2024. The current annual rent is $225,000 and has scheduled increases of 1.50% Annually.

FOR SALE DETAILS

PRICE

$3,260,870 USD

PRICE/SF

$1,043 USD /SF

CAP RATE

6.9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mammoth Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

C-4

APN/PARCEL ID

61389

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 Policy.