2120 Sheyenne StWest Fargo, ND 58078

Property Details for 2120 Sheyenne St

Year built

2022

Lot size

0.88 AC

Property size (Sq ft)

4,808 SF

Property type

Specialty properties

Property subtype

Car washes

Description

This exceptional investment opportunity presents a 4,808-square-foot car wash located at 2120 Sheyenne St, West Fargo, ND 58078. The property sits on a 0.88-acre lot and boasts a brand-new, 20-year triple-net (NNN) lease with a corporate guarantee from Mammoth Holdings, LLC, a significant operator with 130+ units. The lease ensures no landlord responsibilities and includes 1.50% annual rental increases, providing consistent and growing income. The asking price is $3,000,000, representing a compelling 7.00% cap rate and a $623.96 price per square foot. Built in 2022, this property qualifies for 15-year accelerated depreciation and bonus depreciation, offering significant tax advantages. The strong tenant, long-term lease, and attractive financial metrics make this a highly desirable investment opportunity in a thriving location. The Net Operating Income (NOI) is $210,000. This single-tenant property offers a secure and passive income stream with built-in growth potential. The lease structure minimizes landlord responsibilities, making it an ideal investment for passive income seekers. The property's location in West Fargo, North Dakota, offers excellent visibility and accessibility.

Location Insight

City

West Fargo

County

Cass

State

North Dakota

Latitude

46.8468

Longitude

-96.909

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