Single-Tenant Car Wash
For Sale
Contact for pricing
Pending
2015 2nd St, Coralville, IA 52241
Corporately guaranteed lease with absolute NNN terms and no landlord responsibilities.
Property SizeContact for details
Days on Market129
Property Features for 2015 2nd St
General Information
Standard status
Pending
Property subtype
Special Purpose
Building Details
Tenancy
Single
Listing Agency:
Realsource Group
(949) 942-6585
Listed By:
Austin Blodgett · License #CA 01958151
Source:
Crexi
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 30 at 7:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realsource Group
Investment Insights
Based on property information with market context.
Located at 2015 2nd St in Coralville, Iowa, this single-tenant car wash is offered through a sale-leaseback structure with Club Car Wash as the tenant. The lease is corporately guaranteed and provides an absolute NNN arrangement, placing no landlord responsibilities under the stated terms.
The initial lease period runs for 20 years and includes four 5-year renewal options. Contractual rent increases are set at 2.00% annually throughout both the primary term and option periods. Club Car Wash operates 235+ locations across 13 states, including markets throughout the Midwest, Texas, and Colorado.
The initial lease period runs for 20 years and includes four 5-year renewal options. Contractual rent increases are set at 2.00% annually throughout both the primary term and option periods. Club Car Wash operates 235+ locations across 13 states, including markets throughout the Midwest, Texas, and Colorado.
Key Highlights
- Single‑tenant Club Car Wash sale‑leaseback at 2015 2nd St, Coralville, IA 52241
- Corporately guaranteed lease with an absolute NNN structure
- 20‑year initial lease term
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
141k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Groceries 38%
Dining 12%
Electronics 3%
Hy-Vee
Groceries
53,902 visits/mo
0.1 miles
Hobby Lobby
Shops & Services
40,617 visits/mo
0.1 miles
Coralville #1
Shops & Services
18,597 visits/mo
0.1 miles
Starbucks
Dining
15,970 visits/mo
0.2 miles
AT&T
Electronics
4,799 visits/mo
0.2 miles
Demographics for 52241, IA
22,319
Population
10,294
Households
2.2
Avg Household Size
34
Median Age
57%
College-Educated
95%
High-School Grad
13.5 sq mi
ZIP Area
1,653
Density / Sq Mi
$66,508
Median Household Income
$40,504
Median Earnings
$1,021
Median Rent
$286,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Corporately guaranteed lease with absolute NNN terms and no landlord responsibilities.
Where is this car wash located?
The property is located at 2015 2nd St Coralville, IA.
What are key features of this property?
This property features: Single‑tenant Club Car Wash sale‑leaseback at 2015 2nd St, Coralville, IA 52241; Corporately guaranteed lease with an absolute NNN structure; 20‑year initial lease term
