2145 Kimberly Rd Davenport, IA 52807

Exceptional investment opportunity: This thriving Pro Clean Car Wash, located at 2145 E Kimberly Rd, Davenport, IA 52807, offers a compelling return. The 12,403 square foot facility sits on a 1.77-acre lot and boasts a strong 6.50% cap rate, generating a net operating income (NOI) of $216,366. Built in 2001 and renovated in 2021, the property is currently operating under a 20-year triple net (NNN) lease, with 15 years remaining, commencing October 24, 2019, and expiring October 31, 2039. The lease includes a corporate guarantee from the operator, eliminating landlord responsibilities. The asking price is $3,328,708, translating to $268.38 per square foot. Annual rent is $216,366 with scheduled 1.50% annual increases. This property qualifies for bonus depreciation, further enhancing its investment appeal. The 100% occupancy rate underscores the consistent demand and profitability of this established car wash business. This is a turnkey investment with significant long-term potential.