1620 S Sycamore Ave - Mammoth Car Wash 3,126 SF Specialty Building Offered at $3,260,870 at a 6.90% Cap Rate in Sioux Falls, SD 57110
INVESTMENT HIGHLIGHTS
- Long-Term Absolute Triple-Net (NNN) Lease
- Strong Corporate Guarantee
- Attractive Annual Rent Increases
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $3,260,870 |
| Price Per SF | $1,043.14 |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.69 AC |
| Building Size | 3,126 SF |
| No. Stories | 1 |
| Year Built | 2015 |
| Zoning | C-4 - Commercial |
PROPERTY TAXES
| Parcel Number | 61389 | Improvements Assessment | $570,600 |
| Land Assessment | $292,100 | Total Assessment | $862,700 |
