306 Avenue Of The Cities - Car Washes FOR SALE
East Moline, IL |
$5,000,000 USD
332-345-4222
306 Avenue Of The Cities
East Moline, IL
HIGHLIGHTS
- Long-Term NNN Sale Leaseback | The site will be subject to a new 20-year lease commencing at close of escrow.
- Attractive Annual Rent Increases | The lease includes 1.50% annual rental increases.
- Strong Corporate Guarantee | The lease is subject to a corporate guarantee by Mammoth Holdings, LLC (130+ Unit Operator).
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a
Mammoth Car Wash located at 306 Avenue of Cities, East
Moline, IL 61244. The site consists of roughly 4,808 rentable
square feet of building space on an estimated 1.16-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
$1,151 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
-
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.16 AC
LAND SF
50,530 SF
ZONING
-
APN/PARCEL ID
07-6317800-13042
ASK ABOUT THIS PROPERTY
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332-345-4222
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332-345-4222
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