3011 Devils Glen Rd - Car Washes FOR SALE


Bettendorf, IA 52722- Outer Davenport/Bettendorf
$5,000,000 USD
513-300-0763
3011 Devils Glen Rd, Bettendorf, IA for Sale
$5,000,000 USD
Car Washes - FOR SALE
1/2
null | 7% Cap Rate

3011 Devils Glen Rd
Bettendorf, IA 52722
Outer Davenport/Bettendorf


HIGHLIGHTS

  • 20-Year Absolute Triple Net (NNN) Lease
  • Strong Corporate Guarantee
  • Attractive Rent Increases
  • Bonus Depreciation

OVERVIEW

Bang Realty is pleased to present the exclusive listing for a Mammoth Car Wash located at 3011 Devils Glen Rd, Bettendorf, IA 52722. The site consists of roughly 4,600 rentable square feet of building space on an estimated 1.5-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 $350,000 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$4,132 USD /SF

CAP RATE

7%

% 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

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

C-2

APN/PARCEL ID

8415532101,8422051011

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.