1620 Sycamore Ave, Sioux Falls, SD 57110
3,126 SF Specialty Building Offered at $3,260,870 at a 6.90% Cap Rate in Sioux Falls, SD 57110
For Sale
Active
Asking Price $3,260,870
- Property Type
-
Specialty
- Square Feet
- 3,126 SF
- Price / Square Foot
- $1,043
Listing Contacts
Brian Brockman
- Property Info
Property Overview
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 Details
- Class
- C
- Year Built
- 2015
- Stories
- 1
- Property Subtype
- Car Wash
- Lot Size (sq. ft)
- 30,056 SF
Highlights
- Long-Term Absolute Triple-Net (NNN) Lease
- Attractive Annual Rent Increases
- Strong Corporate Guarantee
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