1030 8th St - Freestanding FOR SALE


Boone, IA 50036
$800,000 USD
954-902-5262
1030 8th St, Boone, IA for Sale
$800,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

1030 8th St
Boone, IA 50036


HIGHLIGHTS

  • Owner-user storefront opportunity with high annual sales.
  • Real estate and inventory included with a strong track record of liquor, tobacco, and CBD sales totaling an average of $85,000 monthly.
  • This store sits on a tight lot just across the street from a 57-unit apartment complex with nearly full occupancy.
  • The store captures approximately 50% of liquor, tobacco, and CBD spending within a 1-mile trade area, generating approximately $1.2 millio.
  • The surrounding 1-mile trade area features an average household income exceeding $81,500, providing a strong customer base.
  • More than 2,100 households and over 5,100 residents reside within a 1-mile radius, supporting consistent daily consumer demand.

OVERVIEW

We are pleased to exclusively offer for sale Boone Liquor & Tobacco, a 5,000 SF retail property located at 1030 8th Street in Boone, IA. This owner-user opportunity includes both the real estate and inventory, providing a turnkey acquisition. The offering is priced at $800,000 for the real estate and $300,000 for the inventory required to operate the business. With a strong operating history and average monthly sales of approximately $85,000 from liquor, tobacco, and CBD products, this asset presents an attractive opportunity for an owner-operator or investor. In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IA, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$160 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boone Liquor & Tobacco - Boone, IA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,773 SF

ZONING

INC

APN/PARCEL ID

088426281182035

ASK ABOUT THIS PROPERTY

Antonio CrudeleSands Investment GroupMore Info
954-902-5262

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Antonio CrudeleSands Investment GroupMore Info
954-902-5262

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.