1500 Washington St - Restaurant FOR SALE
Pella, IA 50219 |
1500 Washington St
Pella, IA 50219
HIGHLIGHTS
- Absolute NNN Lease with Zero Landlord Responsibilities | Over 16 Years Remaining Lease Term with Two Five-Year Options
- Rental Escalations of 7.5 Percent Every Five Years During Base Term and Options to Hedge Against Inflation
- Located in Pella, Iowa, Agricultural and Manufacturing Region about 30 Miles East of Des Moines, and Home to Companies such as the Pella Corporation
- Located Only 0.7 Miles from Pella Municipal Airport and 0.5 miles from Central College with Over 1100 Students
- Outparcel to Walmart-Anchored Shopping Center on Washington Street, a Primary East-West Corridor with Traffic Count of over 9,900 Vehicles Per day
- Tenants in the Immediate Area Include Walmart Supercenter, Dominos, Applebee’s, Culvers, Taco Bell, and More
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Restaurant
TOTAL BUILDING SIZE
3096
STORIES
1
YEAR BUILT
2019
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
1739801500
