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6300 Hickman Rd - Mammoth Car Wash 4,808 SF Specialty Building Offered at $5,000,000 at a 7% Cap Rate in Windsor Heights, IA 50324
INVESTMENT HIGHLIGHTS
- Long-Term, 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).
- Bonus Depreciation This property qualifies for 15-year accelerated depreciation as well as bonus depreciation
EXECUTIVE SUMMARY
Bang Realty is pleased to present the exclusive listing for a
Mammoth Car Wash located at 6300 Hickman Rd., Windsor
Heights, IA 50324. The site consists of roughly 4,808 rentable
square feet of building space on an estimated 2.07-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.
Mammoth Car Wash located at 6300 Hickman Rd., Windsor
Heights, IA 50324. The site consists of roughly 4,808 rentable
square feet of building space on an estimated 2.07-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.
PROPERTY FACTS
| Price | $5,000,000 | Property Subtype | Car Wash |
| Price Per SF | $1,039.93 | Lot Size | 2.07 AC |
| Sale Type | Investment | Building Size | 4,808 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2024 |
| Price | $5,000,000 |
| Price Per SF | $1,039.93 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Lot Size | 2.07 AC |
| Building Size | 4,808 SF |
| No. Stories | 1 |
| Year Built | 2024 |
PROPERTY TAXES
| Parcel Number | 29202001001004 | Improvements Assessment | $0 |
| Land Assessment | $437,000 | Total Assessment | $437,000 |
PROPERTY TAXES
Parcel Number
29202001001004
Land Assessment
$437,000
Improvements Assessment
$0
Total Assessment
$437,000
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6300 Hickman Rd - Mammoth Car Wash
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