1314 Franklin St - Freestanding FOR SALE
Waterloo, IA 50703 |
1314 Franklin St
Waterloo, IA 50703
HIGHLIGHTS
- Advance Auto Parts with Over 4.5 Years Remaining in Waterloo, IA
- Recently Extended Lease for 5-Years thru December 2025 Showing Strong Success & Commitment to Site
- 2000 Build-to-Suit with Original 10- Year Lease | Over 20-Year History at Site | AAP Accepted Three Long- Term Renewals Since Original Commencement
- Significant 11% Rent Bump in Next Option | Hedge Against Inflation | Increases CAP Rate to 7.91%
- Dense Infill & Middle-Income Location | Demographics Cater Extremely Well to Tenant | 9,371 Residents within 1-Miles & 53,030 Residents within 3-Miles
- 7,000 SF Store on Large Parcel with 35 Parking Spaces & Two Cuts | In-Line with New Prototypical BTS
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts | Recent Renewal
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Auto Repair, Storefront
TOTAL BUILDING SIZE
7000
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
32
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
8913-25-251-030
