For Sale
$5,000,000

6300 Hickman Rd Windsor Heights, IA 50324

High-yield car wash, 20-year lease.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
131
Exceptional investment opportunity: a thriving Mammoth Car Wash in Windsor Heights, Iowa. This fee-simple property boasts a substantial 4,808 square-foot building situated on a 2.07-acre lot at 6300 Hickman Road, zip code 50324. The property is currently operating at 100% occupancy under a 20-year triple-net (NNN) lease, providing significant long-term stability and minimal landlord responsibilities. The lease commenced upon closing and features annual rent of $350,000 with a 1.5% annual increase, resulting in a compelling 7.00% cap rate. The tenant, Mammoth Car Wash (with over 130 locations), provides a strong corporate guarantee. Further enhancing the investment potential are four, five-year renewal options, extending the lease term for an additional 20 years. Built in 2024, this property offers significant bonus depreciation advantages. This is a turnkey investment with exceptional returns and long-term growth potential. The property is located in Polk County, Iowa.

Highlights

  • 20-Year Absolute Triple-Net (NNN) Lease with no landlord responsibilities.
  • Bonus depreciation available.
  • Strong corporate guarantee from Mammoth Car Wash (130+ locations).
  • Four, five-year renewal options extending the lease term by 20 years.
  • Annual rent increases of 1.5%.

Property Details for 6300 Hickman Rd

Property type
Specialty properties, Car washes
Square Feet
4,808 SF
Year Built
2024
Lot Size (sq. ft)
90,169 SF

Location Insight

City
Windsor Heights
County
Polk
State
Iowa
Latitude
41.614304
Longitude
-93.70445
6300 Hickman Rd, Windsor Heights, Iowa

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FAQs

What type of property is this?
Specialty property - High-yield car wash, 20-year lease.
Where is the specialty property located?
The property is located at 6300 Hickman Rd Windsor Heights, IA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 20-Year Absolute Triple-Net (NNN) Lease with no landlord responsibilities.; Bonus depreciation available.; Strong corporate guarantee from Mammoth Car Wash (130+ locations).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
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Contacts

Brian Brockman
Brian Brockman
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Hickman Rd
Windsor Heights, IA 50324

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Windsor Heights, IA 50324

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

6300 Hickman Rd
  • Brian Brockman
    Brian Brockman
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