1620 S Sycamore Ave - Mammoth Car Wash
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1620 S Sycamore Ave - Mammoth Car Wash
3,126 SF Specialty Building Offered at $3,260,870 at a 6.90% Cap Rate in Sioux Falls, SD 57110
Investment Highlights
- Long-Term Absolute Triple-Net (NNN) Lease
- Strong Corporate Guarantee
- Attractive Annual Rent Increases
Executive Summary
Bang Realty is pleased to present the exclusive listing for a Mammoth Car Wash located at 1620 S Sycamore Ave, Sioux Falls, SD 57110.
The site consists of roughly 3,126 rentable square feet of building space on an estimated 0.69-acre parcel of land.
This Mammoth Car Wash is subject to a 14-year Triple Net (NNN) lease, which commenced 7/24/2024. The current annual rent is $225,000 and has scheduled increases of 1.50% Annually.
The site consists of roughly 3,126 rentable square feet of building space on an estimated 0.69-acre parcel of land.
This Mammoth Car Wash is subject to a 14-year Triple Net (NNN) lease, which commenced 7/24/2024. The current annual rent is $225,000 and has scheduled increases of 1.50% Annually.
Property Facts
Price | $3,260,870 | Building Class | C |
Price Per SF | $1,043 | Lot Size | 0.69 AC |
Sale Type | Investment | Building Size | 3,126 SF |
Cap Rate | 6.90% | No. Stories | 1 |
Property Type | Specialty | Year Built | 2015 |
Property Subtype | Car Wash |
Price | $3,260,870 |
Price Per SF | $1,043 |
Sale Type | Investment |
Cap Rate | 6.90% |
Property Type | Specialty |
Property Subtype | Car Wash |
Building Class | C |
Lot Size | 0.69 AC |
Building Size | 3,126 SF |
No. Stories | 1 |
Year Built | 2015 |
PROPERTY TAXES
Parcel Number | 61389 | Improvements Assessment | $64,700 |
Land Assessment | $243,400 | Total Assessment | $308,100 |
PROPERTY TAXES
Parcel Number
61389
Land Assessment
$243,400
Improvements Assessment
$64,700
Total Assessment
$308,100
zoning
Zoning Code | C-4 (Commercial) |
C-4 (Commercial) |
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1620 S Sycamore Ave - Mammoth Car Wash
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