4916 Marion RdSioux Falls, SD 57106

Property Details for 4916 Marion Rd

Year built

2006

Construction

TYPE NOT SPECIFIED

Lot size

1.18 AC

Property size (Sq ft)

5,746 SF

Zone code

NO;SPECIAL NOTE

Property type

Car washes

APN

65852

APU

65852

Description

This exceptional investment opportunity presents a fee-simple Mammoth Car Wash located at 4916 S Marion Rd, Sioux Falls, SD 57106. The property boasts 5,746 square feet on a 1.18-acre lot, built in 2006. Currently operating under a 14.9-year Triple Net (NNN) lease commencing July 24, 2024, and expiring June 30, 2039, this car wash offers a remaining lease term of approximately 14.6 years. The lease features a strong corporate guarantee and attractive annual rent increases of 1.50%. The current annual net operating income (NOI) is $225,000, resulting in a compelling 6.90% capitalization rate. The asking price is $3,260,870, translating to a price per square foot of $567.50. This is a rare opportunity to acquire a well-established, high-performing car wash with a long-term, secure lease in a prime location within Minnehaha County. The property's strong financials and long-term lease make it an ideal addition to any investment portfolio. The lease structure minimizes landlord responsibilities, providing a passive income stream with built-in growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,304,574

  6.5%

  $1,204,222

  7%

  $1,118,206

• Comparable approach

  Method

  Valuation

  Relative Method

  $739,055

  Geo Method

  $739,055

• Alternative Use

  Use

  Valuation

  Residential

  $1,015,806

  Hospitality

  $930,473

  Educational

  $774,143

  Medical

  $800,767

  Retail

  $1,204,222

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5007

Longitude

-96.79

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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