6001 14Th StDes Moines, IA 50320

Exceptional investment opportunity: This 4,800 square foot, fee-simple car wash in Des Moines, Iowa, boasts a 20-year NNN lease with a corporate guarantee, generating a $375,000 annual net operating income (NOI) and a 7.00% cap rate. The asking price is $5,357,143. Built in 2024, this property sits on a 1.72-acre lot at 6001 SE 14th St, 50320, in Polk County's affluent suburban area. The location benefits from high traffic counts exceeding 30,000 vehicles daily on SE 14th Street, and its proximity to major retailers like Walmart, Target, Home Depot, and numerous national chains ensures high visibility and consistent customer traffic. Average household incomes within a 3-mile radius surpass $75,800, and within 10 miles, they exceed $83,800, indicating strong consumer spending power and a robust market for car wash services. This presents a secure, long-term investment with significant upside potential. The lease includes annual rent increases of 1.50%.