For Sale
$2,650,161

4200 York St Sioux City, IA 51106

High-Yield Car Wash Investment

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fee-simple 4,370 square-foot car wash located at 4200 S York St, Sioux City, IA, in Woodbury County. Built in 2021, the property sits on a 0.84-acre lot and boasts a 100% occupancy rate under a 20-year NNN lease (commencing December 29, 2021, and expiring December 28, 2041), leaving 17.1 years remaining. The lease features a corporate guarantee from Mammoth Holdings, LLC, a significant operator with 100+ units. The current annual net operating income (NOI) is $152,384, representing a compelling 5.75% cap rate and a price per square foot of $606.44. The lease includes annual rent increases, starting at 2.00% in January 2024 and then 1.50% annually thereafter. This property offers significant long-term income potential with minimal landlord responsibilities, making it an attractive addition to any investment portfolio. The asking price is $2,650,161. This is a single-tenant property with a strong tenant and a long-term lease. The property qualifies for 15-year accelerated depreciation and bonus depreciation, further enhancing its investment appeal.

Highlights

  • 19-year remaining triple-net (NNN) lease term.
  • Corporate guarantee from Mammoth Holdings, LLC, a 100+ unit operator.
  • Qualifies for 15-year accelerated depreciation and bonus depreciation.
  • Lease includes 1.50% annual rental increases.

Property Details for 4200 York St

Property type
Specialty properties, Car washes
Square Feet
4,370 SF
Year Built
2021
Lot Size (sq. ft)
36,590 SF

Location Insight

City
Sioux City
County
Woodbury
State
Iowa
Latitude
42.4343333
Longitude
-96.3716002

FAQs

What type of property is this?
Specialty property - High-Yield Car Wash Investment
Where is the specialty property located?
The property is located at 4200 York St Sioux City, IA.
What is the asking price?
The asking price for this property is $2,650,161.
What are key features of this property?
This property features: 19-year remaining triple-net (NNN) lease term.; Corporate guarantee from Mammoth Holdings, LLC, a 100+ unit operator.; Qualifies for 15-year accelerated depreciation and bonus depreciation.
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.
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4200 York St
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