4916 Marion RdSioux Falls, SD 57106

For Sale
$3,260,870

High-yield car wash, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple Mammoth Car Wash located at 4916 S Marion Rd, Sioux Falls, SD 57106. The property boasts 5,746 square feet on a 1.18-acre lot, built in 2006. Currently operating under a 14.9-year Triple Net (NNN) lease commencing July 24, 2024, and expiring June 30, 2039, this car wash offers a remaining lease term of approximately 14.6 years. The lease features a strong corporate guarantee and attractive annual rent increases of 1.50%. The current annual net operating income (NOI) is $225,000, resulting in a compelling 6.90% capitalization rate. The asking price is $3,260,870, translating to a price per square foot of $567.50. This is a rare opportunity to acquire a well-established, high-performing car wash with a long-term, secure lease in a prime location within Minnehaha County. The property's strong financials and long-term lease make it an ideal addition to any investment portfolio. The lease structure minimizes landlord responsibilities, providing a passive income stream with built-in growth potential.

Highlights

  • Triple-Net (NNN) lease with long-term tenant.
  • Annual rent escalations.
  • Corporate-backed lease guarantee.

Property Details for 4916 Marion Rd

Property type
Other specialty properties, Automotive properties
Square Feet
5,746 SF
Year Built
2006
Lot Size (sq. ft)
51,401 SF

Location Insight

City
Sioux Falls
County
Minnehaha
State
South Dakota
Latitude
43.5007148
Longitude
-96.7901397
4916 Marion Rd, Sioux Falls, South Dakota

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4916 Marion Rd
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