306 Avenue Of The Cities - Mammoth Car Wash
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306 Avenue Of The Cities - Mammoth Car Wash
4,808 SF Speciality Building Offered at £3,912,250 at a 7% Net Initial Yield in East Moline, IL
Investment Highlights
- Long-Term NNN Sale Leaseback | The site will be subject to a new 20-year lease commencing at close of escrow.
- Strong Corporate Guarantee | The lease is subject to a corporate guarantee by Mammoth Holdings, LLC (130+ Unit Operator).
- Attractive Annual Rent Increases | The lease includes 1.50% annual rental increases.
Executive Summary
NNN Pro is pleased to present the exclusive listing for a
Mammoth Car Wash located at 306 Avenue of Cities, East
Moline, IL 61244. The site consists of roughly 4,808 rentable
square feet of building space on an estimated 1.16-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 $350,000 and has scheduled increases of
1.50% Annually.
Mammoth Car Wash located at 306 Avenue of Cities, East
Moline, IL 61244. The site consists of roughly 4,808 rentable
square feet of building space on an estimated 1.16-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 $350,000 and has scheduled increases of
1.50% Annually.
Property Facts
| Price | £3,912,250 | Property Subtype | Car Wash |
| Price Per SF | £814 | Lot Size | 1.16 AC |
| Sale Type | Investment | Building Size | 4,808 SF |
| Net Initial Yield | 7% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 2024 |
| Price | £3,912,250 |
| Price Per SF | £814 |
| Sale Type | Investment |
| Net Initial Yield | 7% |
| Property Type | Speciality |
| Property Subtype | Car Wash |
| Lot Size | 1.16 AC |
| Building Size | 4,808 SF |
| Number of Floors | 1 |
| Year Built | 2024 |
PROPERTY TAXES
| Parcel Number | 07-6317800-13042 | Improvements Assessment | £120,367 |
| Land Assessment | £42,164 | Total Assessment | £162,531 |
PROPERTY TAXES
Parcel Number
07-6317800-13042
Land Assessment
£42,164
Improvements Assessment
£120,367
Total Assessment
£162,531
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306 Avenue Of The Cities - Mammoth Car Wash
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