2539 Arterial Dubuque, IA 52002-0493

This exceptional investment opportunity presents a 3,600 square foot Tidal Wave Auto Spa located at 2539 NW Arterial Rd, Dubuque, IA, 52002. Situated on a 1.8-acre lot, this property boasts a 20-year NNN lease, commencing December 28, 2022, and expiring December 27, 2042, with a remaining term of 18.1 years. The current annual net operating income (NOI) is $415,000, representing a 6.55% cap rate. The property benefits from a corporate guarantee and 100% occupancy. This prime location within a strong retail corridor features high traffic counts exceeding 18,800 vehicles daily on NW Arterial Rd. The surrounding area includes numerous power centers and retailers such as ALDI, Sam's Club, and Kohl's, along with a strong academic presence from institutions like the University of Dubuque. Average household incomes within a 3-mile and 5-mile radius exceed $117,300 and $100,900 respectively, indicating a robust market for car wash services. The building was constructed in 2022. This is a turnkey investment with significant long-term potential. Annual rent increases of 2.00% are scheduled, commencing in year seven.