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6136 SE 14th St
Des Moines, IA 50320 South Park

$1,332,000 USD

Auto Repair For Sale  •  2,024 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 2,139 SF
  • Lot Size 0.63 AC
  • Building Class C
  • Year Built 1986
  • Tenancy Single
  • Zoning C-2
30 Transit Score
40 Walk Score

Highlights

Listed for $1,332,000 yielding a cap rate of 6.00%
Abs. NNN Lease offers a passive investment for any investor
Corporate Tenant - backed by Jiffy Lube International (a wholly-owned subsidiary of Monomoy Capital Partners) offers security of income
Rent Increases - 2% annual rent increases provide an effective hedge against inflation, preserving and growing income
Long-Term Lease of 13+ Years provides significant guaranteed income
Tax Benefits - Auto service properties may be eligible for an accelerated depreciation schedule

Public Transportation

AirportDriveWalkDistance
Des Moines International 11 min - 4.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Jack Kulick 760-642-9942 Matthews Real Estate Investment Services
Jack Kulick 760-642-9942 Matthews Real Estate Investment Services