327 Lincoln Way, Ames, IA

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327 Lincoln Way

Ames, IA 50010-3317

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2006

Building Size:2,147 SF Land Area:.65 AC (28,101 SF)

For Sale Price:$1,070,000 Price/SF:$498.37

Cap Rate:7.50 %

Parking:28 Surface spaces are available

Features:Out Parcel, Signage, Drive Thru

Starbucks is ideally located amongst many commercial buildings and including Wal-Mart, target, Hy Vee Grocery, Hobby Lobby, Dollar General, McDonalds, Dairy Queen, Burger King etc. Starbuck is situated less than 1 mile from Iowa State University with 26,000 thirsty students and faculty.

This Property has one of the only drive through pick up lanes in the city.

Sale Notes:
FREESTANDING STARBUCKS COFFEE NEAR IOWA STATE UNIVERSITY
RARE DRIVE THROUGH LANE
SURROUNDED BY NATIONAL RETAIL AND OTHER COMMERCIAL USES
NEWER CONSTRUCTION IN 2006
MOTIVATED SELLER
RENTS INCREASE BY 10% EVERY 5 YEARS

The subject property is a freestanding STARBUCKS COFFEE located in Ames, Iowa. The Property was reconfigured and expanded for Starbucks in 2006 and the primary lease term runs through December 2016 with 4 x 5 year renewal options. This Property has one of the only drive through pick up lanes in the city. Starbucks is located on busy Lincoln Way and is near a number of commercial uses and other retailers. The Department of Transportation and Iowa Credit Union are nearby.
Starbucks is ideally located amongst many commercial buildings and including Wal-Mart, target, Hy Vee Grocery, Hobby Lobby, Dollar General, McDonalds, Dairy Queen, Burger King etc. Starbuck is situated less than 1 mile from Iowa State University with 26,000 thirsty students and faculty.