Property profile

2120 Sheyenne St West Fargo, ND 58078

OFF-MARKET
Specialty properties
Property ID
US56-0749342
4,808 SF 0.88 ac lot Built 2022
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 4,808-square-foot car wash located at 2120 Sheyenne St, West Fargo, ND 58078. The property sits on a 0.88-acre lot and boasts a brand-new, 20-year triple-net (NNN) lease with a corporate guarantee from Mammoth Holdings, LLC, a significant operator with 130+ units. The lease ensures no landlord responsibilities and includes 1.50% annual rental increases, providing consistent and growing income. The asking price is $3,000,000, representing a compelling 7.00% cap rate and a $623.96 price per square foot. Built in 2022, this property qualifies for 15-year accelerated depreciation and bonus depreciation, offering significant tax advantages. The strong tenant, long-term lease, and attractive financial metrics make this a highly desirable investment opportunity in a thriving location. The Net Operating Income (NOI) is $210,000. This single-tenant property offers a secure and passive income stream with built-in growth potential. The lease structure minimizes landlord responsibilities, making it an ideal investment for passive income seekers. The property's location in West Fargo, North Dakota, offers excellent visibility and accessibility.

Property profile

Verified
Property type Specialty properties
Year built 2022
Total area 4,808 SF
Lot 0.88 ac (38,333 SF)
UPID US56-0749342

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2120 Sheyenne St West Fargo, ND 58078
West Fargo metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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