1925 7th Ave - Freestanding FOR SALE


Marion, IA 52302
$1,262,000 USD
515-259-1041
1925 7th Ave, Marion, IA for Sale
$1,262,000 USD
Freestanding - FOR SALE
1/12
null | 6.04% Cap Rate

1925 7th Ave
Marion, IA 52302


HIGHLIGHTS

  • Heavy daytime and nighttime traffic
  • Building renovated in 2022
  • Single-tenant building with pylon sign & drive-thru
  • Fronting primary connector between Marion and Cedar Rapids with over 15,000 VPD
  • Strong demographical location with over 250,000 residents in the MSA
  • Lease guaranteed for the next appx 10 years by a 340-unit operator

OVERVIEW

This recently remodeled former KFC building (tenant dark) is backed by one of the largest quick-serve restaurant franchisees in North America for the remaining term of just under ten years. The Absolute Net Lease structure of this deal makes this a true "mailbox money" opportunity through the end of 2034, or retenant the building with the added value of a recent renovation in 2022. Highest and best uses for this property include restaurant, coffee shop, bank, pharmacy, medical, or gas.

FOR SALE DETAILS

PRICE

$1,262,000 USD

PRICE/SF

$394 USD /SF

CAP RATE

6.04%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

C-3

APN/PARCEL ID

15062-14012-00000

ASK ABOUT THIS PROPERTY

Nora WalshSVN | CREATEMore Info
515-259-1041

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Nora WalshSVN | CREATEMore Info
515-259-1041

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