For Sale
$5,357,143
10056 Hickman Ct Clive, IA 50325
High-Cap Rate, NNN Lease, New Construction
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 131
Highlights
- $5,357,143 asking price for a 4,800 SF car wash in Clive, IA.
- 20-year absolute NNN lease with a corporate guarantee from Mammoth Car Wash (130+ units).
- New construction (2024) with 100% occupancy.
- 7.00% cap rate and $375,000 annual NOI.
- 1.5% annual rent increases built into the lease.
Property Details for 10056 Hickman Ct
- Property type
- Specialty properties, Car washes
- Square Feet
- 4,800 SF
- Year Built
- 2024
- Lot Size (sq. ft)
- 48,787 SF
Location Insight
- City
- Clive
- County
- Polk
- State
- Iowa
- Latitude
- 41.6135081
- Longitude
- -93.7561384
10056 Hickman Ct, Clive, Iowa
Nearby Similar for Sale
FAQs
- What type of property is this?
- Specialty property - High-Cap Rate, NNN Lease, New Construction
- Where is the specialty property located?
- The property is located at 10056 Hickman Ct Clive, IA.
- What is the asking price?
- The asking price for this property is $5,357,143.
- What are key features of this property?
- This property features: $5,357,143 asking price for a 4,800 SF car wash in Clive, IA.; 20-year absolute NNN lease with a corporate guarantee from Mammoth Car Wash (130+ units).; New construction (2024) with 100% occupancy.
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