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1916 N Division St - Mammoth Car Wash

4,800 SF Speciality Building Offered at £4,273,393 at a 7% Net Initial Yield in Davenport, IA 52804

Investment Highlights

  • 20-Year Absolute Triple Net (NNN) Lease
  • New Construction | Building was recently built in 2024.
  • Strong Corporate Guarantee | The lease will be subject to a strong corporate guarantee from Mammoth Car Wash (130+ units).

Executive Summary

Bang Realty is pleased to present the exclusive listing for a
Mammoth Car Wash located at 1914 N Division St, Davenport, IA
52804. The site consists of roughly 4,800 rentable square feet of
building space on an estimated 0.21-acre parcel of land. This
Mammoth Car Wash is subject to a 20-year Triple Net (NNN)
lease which will commence upon close of escrow. The annual
rent will be $375,000 and has scheduled increases of 1.50%
annually.

Property Facts

Price £4,273,393 Building Class C
Price Per SF £890 Lot Size 0.90 AC
Sale Type Investment NNN Building Size 4,800 SF
Net Initial Yield 7% Number of Floors 1
Property Type Speciality Year Built 2024
Property Subtype
Car Wash
  • General Retail Freestanding
 Parking Ratio 2.08/1,000 SF
Price £4,273,393
Price Per SF £890
Sale Type Investment NNN
Net Initial Yield 7%
Property Type Speciality
Property Subtype
Car Wash
  • General Retail Freestanding
Building Class C
Lot Size 0.90 AC
Building Size 4,800 SF
Number of Floors 1
Year Built 2024
Parking Ratio 2.08/1,000 SF
1 of 1
1916 N Division St, Davenport, IA - aerial map view
Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • A0061-03
  • A0061-07
  • A0061-05
  • A0061-04
  • A0061-06
  • A0061-08
 Improvements Assessment £0
Land Assessment £309,978 Total Assessment £309,978

PROPERTY TAXES

Parcel Numbers
Multiple
  • A0061-03
  • A0061-07
  • A0061-05
  • A0061-04
  • A0061-06
  • A0061-08
Land Assessment
£309,978
Improvements Assessment
£0
Total Assessment
£309,978
(513) 300-0763

Contact

  • Listing ID: 33392004

  • Date on Market: 03/10/2024

  • Last Updated:

  • Address: 1916 N Division St, Davenport, IA 52804

The Speciality Property at 1916 N Division St, Davenport, IA 52804 is currently available for sale. Contact Bang Realty for more information.

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1916 N Division St, Davenport, IA for sale Building Photo- Image 1 of 4
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1916 N Division St, Davenport, IA for sale Aerial- Image 2 of 4
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© 2024 CoStar Group

1916 N Division St - Mammoth Car Wash
(513) 300-0763 x

1916 N Division St - Mammoth Car Wash

Brian Brockman

(513) 300-0763

(513) 300-0763

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