2519 Correctionville Rd Sioux City, IA 51106

Listing agency Bang Realty b***@bangrealty.com Show Phone

Listed by Brian Brockman · License #BRK.200900214

Source Crexi

Added: Apr 11 Updated: Jul 21 at 10:14PM Checked: Jul 21 at 10:14PM

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Investment Insights

Based on property information with market context.

The property is a Mammoth Car Wash facility consisting of approximately 11,448 rentable square feet of building space on an estimated 1.05-acre parcel. The site is structured as an absolute triple-net (NNN) investment subject to a 20-year lease term that commenced December 29, 2021.

The current annual rent is $132,600, with rent scheduled to increase by 2.00% annually in January 2024 and 1.50% annually thereafter.

For Sale, this offering is presented as an NNN commercial real estate asset with long-term, absolute NNN lease obligations in place.

Key Highlights

• Mammoth car wash at 2519 Correctionville Road in Sioux City, Iowa
• Approximately 11,448 rentable SF car wash facility on an estimated 1.05‑acre parcel
• 20‑year absolute triple‑net (NNN) lease commenced December 29, 2021

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FAQs

What type of property is this?

Car wash - Car wash facility offered with a 20-year absolute triple-net lease and scheduled annual rent escalations.

Where is this car wash located?

The property is located at 2519 Correctionville Rd Sioux City, IA.

What are key features of this property?

This property features: Mammoth car wash at 2519 Correctionville Road in Sioux City, Iowa; Approximately 11,448 rentable SF car wash facility on an estimated 1.05‑acre parcel; 20‑year absolute triple‑net (NNN) lease commenced December 29, 2021