10056 Hickman Ct Clive, IA 50325
- Specialty properties
- 4,800 SF
- 1.12 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 10056 Hickman Ct
- Year built
- 2024
- Lot size
- 1.12 lot acres
- Property size
- 4,800 SF
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
Exceptional investment opportunity: a brand-new, 4,800 square foot car wash in Clive, Iowa, boasting a 7.00% cap rate and a strong corporate guarantee from Mammoth Car Wash (with over 130 locations). This single-tenant property features a 20-year absolute triple-net (NNN) lease, commencing at closing, with no landlord responsibilities. The annual net operating income (NOI) is $375,000, with built-in annual rent increases of 1.50%. Situated on a 1.12-acre lot at 10056 Hickman Ct, Clive, IA 50325, this 2024-built facility offers significant tax advantages, qualifying for 15-year accelerated depreciation and bonus depreciation. The property's 100% occupancy and long-term lease provide exceptional stability and predictable cash flow. This is a rare opportunity to acquire a high-performing asset in a desirable location with significant upside potential. Further details regarding depreciation benefits are available upon request.
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
- Clive
- County
- Polk
- State
- Iowa
- Longitude
- -93.7561
- Latitude
- 41.6135
