1118 S Clinton St - Fast Food FOR SALE


Albia, IA 52531
$1,351,000 USD
646-805-1438
1118 S Clinton St, Albia, IA for Sale
$1,351,000 USD
Fast Food - FOR SALE
1/9
null | 6.5% Cap Rate

1118 S Clinton St
Albia, IA 52531


HIGHLIGHTS

  • 3.5+ Years Remaining | Options To Extend | 10% Rental Increases | Strong Store Performance | #1 Store In Iowa
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • S Clinton Street Frontage | Excellent Visibility & Access
  • Established Retail Node | Strong Tenant Synergy

OVERVIEW

• More than 3.5 years of primary lease term remaining with four (4) additional 5- year renewal options, providing stable in-place income with significant long-term extension potential • Scheduled 10% rental increases at the commencement of each renewal option drive NOI growth and provide a built-in hedge against inflation • This Hardee’s location generates approximately 200,000 annual visits, ranking in the 80th percentile nationally and #1 in Iowa among comparable Hardee’s locations according to Placer.ai

FOR SALE DETAILS

PRICE

$1,351,000 USD

PRICE/SF

$474 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,117 SF

ZONING

B-2

APN/PARCEL ID

210-006-02-1000000

ASK ABOUT THIS PROPERTY

Michael GrunbergSRS National Net LeaseMore Info
646-805-1438

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Michael GrunbergSRS National Net LeaseMore Info
646-805-1438

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