1124 Kimberly Rd Davenport, IA 52806-5714

This exceptional investment opportunity presents a 14,723-square-foot, fully occupied car wash in Davenport, Iowa. Located at 1124 W Kimberly Rd, this property boasts a 20-year triple-net (NNN) lease with a corporate guarantee, ensuring minimal landlord responsibilities. The lease commenced October 24, 2019, and has 15 years remaining, providing long-term stability and predictable income. The current annual net operating income (NOI) is $225,000, representing a 6.60% cap rate. The property, built in 1997 and renovated in 2017, sits on a 1.28-acre lot. The asking price is $3,409,091, translating to $231.55 per square foot. This investment qualifies for bonus depreciation, offering further tax advantages. The property's strong tenant, corporate guarantee, and long-term lease make it an attractive addition to any portfolio. The lease includes annual rent increases of 1.50%, ensuring consistent growth in income. This is a rare opportunity to acquire a high-performing, well-located car wash with significant upside potential.