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1124 W Kimberly Rd
Davenport, IA 52806
Pro-Clean Car Wash · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Bonus Depreciation Opportunity
- Long Term, Absolute Triple-Net (NNN) Lease
- Strong Corporate Guarantee
- Priced Below Replacement Cost
EXECUTIVE SUMMARY
Bang Realty is pleased to present the exclusive listing for a Pro-Clean Car Wash located at 1124 W. Kimberly Road, Davenport, IA 52806. The site consists of roughly 14,723 rentable square feet of building space on an estimated 1.28-acre parcel of land. This Pro-Clean Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 12/20/2018. The current annual rent is $203,000 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,403 SF
Building Class
C
Year Built
1995
Price
$4,296,167 CAD
Price Per SF
$346.38 CAD
Cap Rate
6.50%
NOI
$279,251 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.75 AC
Zoning
C2
Frontage
PROPERTY TAXES
| Parcel Number | P1408C01A | Improvements Assessment | $1,876,149 CAD |
| Land Assessment | $415,550 CAD | Total Assessment | $2,291,698 CAD |
PROPERTY TAXES
Parcel Number
P1408C01A
Land Assessment
$415,550 CAD
Improvements Assessment
$1,876,149 CAD
Total Assessment
$2,291,698 CAD
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