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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

Hy-Vee
Starbucks
Orangetheory Fitness
Perkins
Freddy's Frozen Custard & Steakburgers
Red Robin
Jazzercise
ALDI
Panchero's
Jenny Craig

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10-17-476-011
Land Assessment
£1,607,700
Improvements Assessment
£7,967,376
Total Assessment
£9,575,076
  • Listing ID: 33459088

  • Date on Market: 09/10/2024

  • Last Updated:

  • Address: 2445-2575 NW Arterial, Dubuque, IA 52002

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