1914 N Division St - Car Washes FOR SALE


Davenport, IA 52804
$5,357,143 USD
513-300-0763
1914 N Division St, Davenport, IA for Sale
$5,357,143 USD
Car Washes - FOR SALE
1/3
null | 7% Cap Rate

1914 N Division St
Davenport, IA 52804


HIGHLIGHTS

  • 20-Year Absolute Triple Net (NNN) Lease
  • Strong Corporate Guarantee | The lease will be subject to a strong corporate guarantee from Mammoth Car Wash (130+ units).
  • New Construction | Building was recently built in 2024.

OVERVIEW

Bang Realty is pleased to present the exclusive listing for a Mammoth Car Wash located at 1914 N Division St, Davenport, IA 52804. The site consists of roughly 4,800 rentable square feet of building space on an estimated 0.21-acre parcel of land. This Mammoth Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $375,000 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$5,357,143 USD

PRICE/SF

$1,116 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mammoth Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,142 SF

ZONING

-

APN/PARCEL ID

A0061-03,A0061-04,A0061-05,A0061-06,A0061-07,A0061-08

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.