Retail Space /IA /Poweshiek County /Grinnell /1002 West St
Retail Space /IA /Poweshiek County /Grinnell /1002 West St

1002 West St - Convenience Store FOR SALE


Grinnell, IA 50112 | 
$2,424,622 USD
515-229-2313
1002 West St, Grinnell, IA for Sale
$2,424,622 USD
Convenience Store - FOR SALE
1/3
null | 5.95% Cap Rate

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1002 West St
Grinnell, IA 50112

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HIGHLIGHTS

  • 100% Bonus Depreciation
  • Ideal property for 1031 exchange
  • Zero landlord responsibilities
  • Corporate Lease with MAVERIK
  • 15 Year Absolute Triple Net Lease from date of purchase
  • 7.5% rent increase effective every 5 years during initial term

OVERVIEW

CBRE is pleased to offer for sale a 2,944 square foot freestanding retail property on 37,125 square feet of land which is net leased to Maverik for fifteen years. Investment Summary Price: $2,424,621.84 Cap Rate: 5.95% Size: 2,944 SF (Bldg) 37,125 SF (Lot) 10.5 year remaining on lease

FOR SALE DETAILS

PRICE

$2,424,622 USD

PRICE/SF

$824 USD /SF

CAP RATE

5.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Kum & Go

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,126 SF

ZONING

Commercial

APN/PARCEL ID

180-3483100

ASK ABOUT THIS PROPERTY

Mike MacriCBREMore Info
515-229-2313

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Mike MacriCBREMore Info
515-229-2313

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