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3410 28th Ave S
Moorhead, MN 56560
Zips Car Wash | Moorhead, MN · Specialty Property For Sale
·
4,734 SF
Investment Highlights
- Leased to Zips Car Wash, one of the largest and fastest-growing express tunnel car wash operators in the United States.
- It is immediately surrounded by major retailers, residential complexes, and a medical facility.
- Located by educational institutions including Horizon Middle School East Campus, Minnesota State University Moorhead, and Minnesota State Community.
- Positioned on a hard corner at the signalized intersection of 28th Avenue South (5,082 VPD) and 34th Street South (11,767 VPD).
- Within a 3-mile radius, there are 2.9 MSF of retail, 1.9 MSF of office, and over 6,800 multifamily units.
Executive Summary
+ Leased to Zips Car Wash, one of the largest and fastest-growing express tunnel car wash operators in the United States, providing excellent brand recognition and operational
synergy.
+ Features a hands-off, absolute NNN lease with ±6.0 years of term remaining and zero landlord responsibilities, offering a secure stream of predictable income with an
inflation-resistant 2% annual rent escalation.
+ Situated on a hard corner at the signalized intersection of 28th Avenue South (5,082 VPD) and 34th Street South (11,767 VPD) and within feet of Interstate 94 (56,808 VPD).
Immediately surrounded by Menards, Les Schwab Tire Center, Hardee’s, Circle K, First Community Credit Union, Waterstone Apartments (80 units), Horizon Shores Estates
(80 units), Lakestone Apartments (90 units), South Shore Landing Apartments (93 units), Vista Center for Education, and the state-of-the-art Sanford Moorhead Campus
medical facility.
+ Within a 3-mile radius, there are 2.9 MSF of retail, 1.9 MSF of office, and over 6,800 multifamily units. Educational uses in the surrounding area include Horizon Middle
School East Campus (2,167 students), Minnesota State University Moorhead (enrollment: 4,410), and Minnesota State Community & Technical College Moorhead.
synergy.
+ Features a hands-off, absolute NNN lease with ±6.0 years of term remaining and zero landlord responsibilities, offering a secure stream of predictable income with an
inflation-resistant 2% annual rent escalation.
+ Situated on a hard corner at the signalized intersection of 28th Avenue South (5,082 VPD) and 34th Street South (11,767 VPD) and within feet of Interstate 94 (56,808 VPD).
Immediately surrounded by Menards, Les Schwab Tire Center, Hardee’s, Circle K, First Community Credit Union, Waterstone Apartments (80 units), Horizon Shores Estates
(80 units), Lakestone Apartments (90 units), South Shore Landing Apartments (93 units), Vista Center for Education, and the state-of-the-art Sanford Moorhead Campus
medical facility.
+ Within a 3-mile radius, there are 2.9 MSF of retail, 1.9 MSF of office, and over 6,800 multifamily units. Educational uses in the surrounding area include Horizon Middle
School East Campus (2,167 students), Minnesota State University Moorhead (enrollment: 4,410), and Minnesota State Community & Technical College Moorhead.
Property Facts
| Sale Type | Investment NNN | Lot Size | 1.00 AC |
| Cap Rate | 7.75% | Building Size | 4,734 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Car Wash | Year Built | 2018 |
| Building Class | C | Parking Ratio | 3.17/1,000 SF |
| Sale Type | Investment NNN |
| Cap Rate | 7.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 4,734 SF |
| No. Stories | 1 |
| Year Built | 2018 |
| Parking Ratio | 3.17/1,000 SF |
Property Taxes
| Parcel Number | 58-900-1062 | Improvements Assessment | $0 |
| Land Assessment | $5,014,900 | Total Assessment | $5,014,900 |
Property Taxes
Parcel Number
58-900-1062
Land Assessment
$5,014,900
Improvements Assessment
$0
Total Assessment
$5,014,900
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