1661 3rd St SW - Schools FOR SALE


Waverly, IA 50677
$1,890,402 USD
415-610-8970
1661 3rd St SW, Waverly, IA for Sale
$1,890,402 USD
Schools - FOR SALE
1/2
null | 7.5% Cap Rate

1661 3rd St SW
Waverly, IA 50677


HIGHLIGHTS

  • Low Price Point & Rent PSF
  • Corporate Operator w/ 20 Locations Across MN & IA
  • Corporate & Personal Guaranty
  • 10+ Years Remaining on an Abs. NNN Lease w/ Annual Rental Increases
  • Excellent Average HH Income of $114k+

OVERVIEW

Northmarq is pleased to exclusively offer for sale a single-tenant early education property corporately operating as "New Creations Child Care." The Property is located in Waverly, IA. The Property features 10+ years remaining on an absolute NNN lease with 1.75% annual increases and includes a corporate & personal guaranty. The Property is conveniently located to provide childcare services for nearby residences as well as commuters due to it being just off US-218 (50,977 VPD). Nearby national retail tenants include: Walmart, Starbucks, O'Reilly, Taco Bell, Aldi & more. This is an affluent area, which boasts an excellent average household income of $114k+ within a 1-mile radius of the Property.

FOR SALE DETAILS

PRICE

$1,890,402 USD

PRICE/SF

$289 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Creations Child Care

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

-

APN/PARCEL ID

09-11-154-004

ASK ABOUT THIS PROPERTY

Milo SpectorNorthmarqMore Info
415-610-8970

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Milo SpectorNorthmarqMore Info
415-610-8970

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