1620 Sycamore Ave, Sioux Falls, SD 57110-4204

This exceptional investment opportunity presents a thriving car wash business in Sioux Falls, South Dakota. Located at 1620 S Sycamore Ave, this 3,126 square foot facility sits on a 0.69-acre lot and boasts a strong 100% occupancy rate. The property is subject to a 14.9-year triple-net (NNN) lease, commencing July 24, 2024, and expiring June 30, 2039, with a remaining term of approximately 14.6 years. The current annual net operating income (NOI) is $225,000, representing a compelling 6.90% capitalization rate. The asking price is $3,260,870, translating to $1,043.14 per square foot. The lease includes annual rent increases of 1.50%, providing consistent growth potential. Further enhancing the investment's security is a corporate guarantee. Built in 2015, this well-maintained car wash offers a stable and lucrative investment prospect with significant long-term value. The property's prime location in Sioux Falls ensures high visibility and consistent customer traffic. This is a rare opportunity to acquire a high-performing, low-maintenance asset with a secure, long-term lease.