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2145 E Kimberly Rd
Davenport, IA 52807
Pro-Clean Car Wash · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Bonus Depreciation Opportunity
- 14 Years Remaining on Absolute 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 2145 E. Kimberly Rd, Davenport, IA 52806. The site consists of roughly 12,403 rentable square feet of building space on an estimated 1.77-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 $155,000 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/Renovated
2001/2021
Price
$3,283,352 CAD
Price Per SF
$264.72 CAD
Cap Rate
6.50%
NOI
$213,418 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.77 AC
Zoning
Commercial
Frontage
320’ on E Kimberly Rd
PROPERTY TAXES
| Parcel Number | N1815-01B | Improvements Assessment | $1,643,006 CAD |
| Land Assessment | $580,454 CAD | Total Assessment | $2,223,460 CAD |
PROPERTY TAXES
Parcel Number
N1815-01B
Land Assessment
$580,454 CAD
Improvements Assessment
$1,643,006 CAD
Total Assessment
$2,223,460 CAD
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