4200 York StSioux City, IA 51106

This exceptional investment opportunity presents a fee-simple 4,370 square-foot car wash located at 4200 S York St, Sioux City, IA, in Woodbury County. Built in 2021, the property sits on a 0.84-acre lot and boasts a 100% occupancy rate under a 20-year NNN lease (commencing December 29, 2021, and expiring December 28, 2041), leaving 17.1 years remaining. The lease features a corporate guarantee from Mammoth Holdings, LLC, a significant operator with 100+ units. The current annual net operating income (NOI) is $152,384, representing a compelling 5.75% cap rate and a price per square foot of $606.44. The lease includes annual rent increases, starting at 2.00% in January 2024 and then 1.50% annually thereafter. This property offers significant long-term income potential with minimal landlord responsibilities, making it an attractive addition to any investment portfolio. The asking price is $2,650,161. This is a single-tenant property with a strong tenant and a long-term lease. The property qualifies for 15-year accelerated depreciation and bonus depreciation, further enhancing its investment appeal.