1820 SE 16th St - Retail FOR SALE


Ames, IA 50010- East Ames
$3,523,810 USD
513-300-0763
1820 SE 16th St, Ames, IA for Sale
$3,523,810 USD
Retail - FOR SALE
1/5
null | 5.25% Cap Rate

1820 SE 16th St
Ames, IA 50010
East Ames


HIGHLIGHTS

  • NO LANDLORD RESPONSIBILITIES: New 10 year absolute NNN ground lease with 10% rent increases every 5 year, providing completely passive ownership.
  • PREMIER CASUAL DINING OPERATOR: Darden is the largest casual dining operator in the country, with 2,100 total restaurants across 10 brands.
  • HIGHWAY VISIBILITY & ACCESSIBILITY: Strategically positioned at the confluence of I-35 (46,950 VPD) and US- 30 (35,000 VPD),-
  • -offering the property offers excellent visibility and seamless connectivity, with a convenient 7-minute drive to Iowa State University.
  • FIRST LOCATION IN A MAJOR UNIVERSITY MARKET: This is First Olive Garden in Ames, home to Iowa State University (7 minute from campus) 31000 Students.
  • The property is supported by a population of approximately 60,000 residents within a 5-mile radius, delivering a diverse and consistent customer base.

OVERVIEW

The offering presents an opportunity to acquire a newly built Olive Garden asset in Ames, Iowa, a major Big 12 college town anchored by Iowa State University, which has enrollment of more than 30,000 students. Olive Garden is strategically situated at the intersection of I-35 (46,950 VPD) and US-30 (35,000 VPD), making it convenient for locals, students, faculty, and visitors to frequent the restaurant. Additionally, Olive Garden is surrounded by ten hotels within two blocks (786 rooms) and 66,000 people living within a Five mile radius, catering to a diverse customer base which includes the university community.

FOR SALE DETAILS

PRICE

$3,523,810 USD

PRICE/SF

$619 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

09-13-200-040

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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

Brian BrockmanBang RealtyMore Info
513-300-0763

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