For Sale
$5,000,000

306 Avenue Of The Cities East Moline, IL 61244

High-Yield NNN Car Wash Investment

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
131
Exceptional investment opportunity: a 4,808 sq ft car wash in East Moline, IL (306 Avenue of the Cities, 61244), situated on a 1.16-acre lot. This property boasts a strong 7.00% cap rate, generating a net operating income (NOI) of $350,000. The property is subject to a new 20-year triple-net (NNN) lease, commencing upon closing, with a corporate guarantee from Mammoth Holdings, LLC, a 130+ unit operator, ensuring consistent cash flow. Annual rent is $350,000, with built-in 1.5% annual increases, providing excellent long-term growth potential. Built in 2024, this fully occupied (100%) asset offers significant tax advantages, qualifying for accelerated and bonus depreciation. This sale-leaseback structure minimizes management responsibilities, making it an ideal addition to any passive income portfolio. The property's prime location in East Moline, Illinois, ensures high visibility and accessibility. This is a rare opportunity to acquire a high-performing, low-maintenance asset with exceptional long-term prospects. The asking price is $5,000,000.

Highlights

  • $5,000,000 asking price for a 20-year NNN sale-leaseback, commencing at closing.
  • 1.5% annual rent increases built into the lease.
  • Corporate guarantee provided by Mammoth Holdings, LLC, a 130+ unit operator.
  • Qualifies for accelerated and bonus depreciation.

Property Details for 306 Avenue Of The Cities

Property type
Specialty properties, Car washes
Square Feet
4,808 SF
Year Built
2024
Lot Size (sq. ft)
50,530 SF

Location Insight

City
East Moline
County
Rock Island
State
Illinois
Latitude
41.4889169
Longitude
-90.4553409

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FAQs

What type of property is this?
Specialty property - High-Yield NNN Car Wash Investment
Where is the specialty property located?
The property is located at 306 Avenue Of The Cities East Moline, IL.
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: $5,000,000 asking price for a 20-year NNN sale-leaseback, commencing at closing.; 1.5% annual rent increases built into the lease.; Corporate guarantee provided by Mammoth Holdings, LLC, a 130+ unit operator.
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

Glen Kunofsky
Glen Kunofsky
Amelia Haydock
Amelia Haydock
Andrew Darby
Andrew Darby
Edward Otocka
Edward Otocka
Visit Broker Website

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Useful Information

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Avenue Of The Cities
East Moline, IL 61244

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East Moline, IL 61244

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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.

306 Avenue Of The Cities
  • Glen Kunofsky
    Glen Kunofsky
  • Amelia Haydock
    Amelia Haydock
  • Andrew Darby
    Andrew Darby
  • Edward Otocka
    Edward Otocka
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