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4416 MERLE HAY RD DES MOINES IA 50310-1412
DES MOINES, IA 50310-1412
Asking Price
$1.52M
Cap Rate
6.78%
Asset Type
Auto Shop Retail
Class
Class B
What's Special
NNN Lease | Located on "Dealership Row" <ul><li>Corporate Lease with Caliber Collision</li></ul><p> - Nation's Largest Autobody Repair Company</p><p></p><ul><li>Lease Backed by Corporate Guaranty</li></ul><p> - Guaranteed by Wans Newco 3, Inc. (Caliber Parent Entity)</p><p></p><ul><li>Long-Term Triple Net Lease through 2031</li></ul><p> - Two 5-Year Options with Fair Market Rent Upside</p><p></p><ul><li>Built-In 2% Annual Rental Increases</li></ul><p> - Hedge Against Inflation with Steady NOI Growth</p><p></p><ul><li>Loca
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NOI
$80,000
Cap Rate
5.25%
DSCR
0.88
Underwater
Cash-on-Cash
-2.30%
Monthly Payment
$7,544.868
Annual Cash Flow
$-10,538.415
