410 Community Dr, North Liberty, IA 52317

This exceptional investment opportunity presents a thriving car wash business located at 410 Community Dr, North Liberty, IA 52317. The property boasts a substantial 3,958 square feet situated on a 0.61-acre lot, built in 2004. The car wash features three manual bays and three touchless automatic bays, complemented by a vending machine and six vacuum stations, ensuring a comprehensive customer experience. The property enjoys a strong 9.76% cap rate, generating a net operating income (NOI) of $92,732, with an asking price of $950,000. Its strategic location off Highway 965, near the Penn Street intersection, provides convenient access to Interstate 380, benefiting from increased traffic due to nearby commercial and residential development, including the University of Iowa Hospitals & Clinics North Liberty Medical Campus. This presents a compelling investment opportunity with potential for future redevelopment, capitalizing on the area's robust growth and high traffic volume. The property's strong financial performance and prime location make it an attractive asset for discerning investors seeking a high-return, established business. The single building is well-maintained and ready for continued operation or future expansion.