1924 Cornhusker Dr South Sioux City, NE 68776
- Specialty properties
- 9,124 SF
- 1.10 lot acres
Current Use by Public Records
- Silverstar Car Wash / Car Wash / Car Detailing Service
Property Details for 1924 Cornhusker Dr
- Year built
- 2021
- Lot size
- 1.10 lot acres
- Property size
- 9,124 SF
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
This exceptional investment opportunity presents a fee-simple ownership of a thriving Mammoth Car Wash located at 1924 Cornhusker Dr, South Sioux City, NE 68776. The property boasts 9,124 square feet on a 1.1-acre lot, built in 2021. Currently operating under a 14.9-year Triple Net (NNN) lease commencing July 24, 2024, and expiring June 30, 2039, this car wash offers a substantial remaining lease term of 14.6 years. The lease includes annual rent increases of 1.50%, ensuring consistent income growth. The current annual net operating income (NOI) is $225,000, resulting in a compelling 6.90% capitalization rate. The asking price is $3,260,870, translating to a price per square foot of $357.39. Further strengthening this investment is the presence of a corporate guarantee, mitigating tenant risk. This is a single-tenant property offering a secure and profitable investment with significant long-term potential. The property's location in South Sioux City, Dakota County, provides excellent visibility and accessibility. This is a rare opportunity to acquire a high-performing car wash with a long-term lease and strong financial performance.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Sioux City
- County
- Dakota
- State
- Nebraska
- Longitude
- -96.4274
- Latitude
- 42.471
