306 Avenue Of The Cities - Mammoth Car Wash 4,808 SF Specialty Building Offered at £3,862,197 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.
PROPERTY FACTS
| Price | £3,862,197 |
| Price Per SF | £803.29 |
| Sale Type | Investment |
| Net Initial Yield | 7% |
| Property Type | Specialty |
| 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 | 17-02-410-001 | Improvements Assessment | £118,827 |
| Land Assessment | £41,624 | Total Assessment | £160,451 |
