• Broker Glen Kunofsky 3323454222
  • Broker Edward Otocka 2032539455
  • Broker Amelia Haydock 3323452408
  • Broker Andrew Darby 3323457299

306 Avenue Of The Cities - Mammoth Car Wash 4,808 SF Specialty Building Offered at £3,751,650 at a 7% Net Initial Yield in East Moline, IL

View Photo

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 £3,751,650
Price Per SF £780.29
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
Zoning EM

PROPERTY TAXES

Parcel Number 17-02-410-001 Improvements Assessment £117,582
Land Assessment £41,189 Total Assessment £158,771

MAP

ADDITIONAL PHOTOS

View Photo 306 Avenue of Cities - East Moline, IL - Aerial

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