Tidal Wave Auto Spa | 2445-2575 NW Arterial
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Tidal Wave Auto Spa 2445-2575 NW Arterial
3,600 SF 100% Leased Retail Building Dubuque, IA 52002 £4,957,508 (£1,377/SF) 6.55% Net Initial Yield
Investment Highlights
- Affluent Suburban Community
- Strong Academic Presence
- Strong Retail Corridor
Executive Summary
Bang Realty is pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 2539 NW Arterial Rd, Dubuque, IA. The site consists of roughly 3,600 rentable square feet of building space on an estimated 1.8-acre parcel of land. This Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease, which commenced 12/28/2022. The current annual rent is $415,000 and has scheduled increases of 2.00% annually starting in year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,600 SF
Building Class
B
Year Built
2022
Price
£4,957,508
Price Per SF
£1,377
Net Initial Yield
6.55%
NOI
£324,717
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.05
Lot Size
1.80 AC
Zoning
C
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 10-17-476-011 | Improvements Assessment | £7,967,376 |
Land Assessment | £1,607,700 | Total Assessment | £9,575,076 |
PROPERTY TAXES
Parcel Number
10-17-476-011
Land Assessment
£1,607,700
Improvements Assessment
£7,967,376
Total Assessment
£9,575,076
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Tidal Wave Auto Spa | 2445-2575 NW Arterial
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