1617 S Monroe Ave - Restaurant FOR SALE


Mason City, IA 50401
$1,653,840 USD
515-473-0288
1617 S Monroe Ave, Mason City, IA for Sale
$1,653,840 USD
Restaurant - FOR SALE
1/3
null | Request Cap Rate

1617 S Monroe Ave
Mason City, IA 50401


HIGHLIGHTS

  • Long term lease with experienced operators
  • Zero landlord responsibilities
  • Annual rent increases

OVERVIEW

This freestanding Pizza Ranch property in Mason City, Iowa offers a stable, long-term investment backed by a true triple-net lease with zero landlord responsibilities and 18 years remaining on the current term. The asset generates a current annual NOI of $108,199 with contractual 3% annual increases, resulting in a 10-year average NOI of $124,038. Operated by experienced Pizza Ranch franchisees with over 20 years in the system, the building includes a popular Fun Zone arcade and benefits from its location in a thriving community of 26,000+ residents.

FOR SALE DETAILS

PRICE

$1,653,840 USD

PRICE/SF

$267 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Ranch

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,991 SF

ZONING

-

APN/PARCEL ID

07-16-251-04-200

ASK ABOUT THIS PROPERTY

Jordan KleinschmidtHansen Real Estate ServicesMore Info
515-473-0288

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Jordan KleinschmidtHansen Real Estate ServicesMore Info
515-473-0288

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