1925 S Lakeport St - Retail FOR SALE
Sioux City, IA 51106 |
$3,600,000 USD
515-865-2985
1925 S Lakeport St
Sioux City, IA 51106
HIGHLIGHTS
- Original 20-year lease expires November 11, 2031
- Long-term absolute net lease structure provides passive ownership with stable cash flow and no landlord responsibilities
- Located along S Lakeport St, a major commercial corridor with strong visibility and convenient access to surrounding retail, residential, & employers
- Strong surrounding demographics with more than 82,000 residents within a five-mile radius and average household incomes exceeding $73,000
- Qualifies for 100% Bonus Depreciation (check with tax advisor)
- Maverik is an industry-leading convenience store chain with 840+ locations in 21 states
OVERVIEW
CBRE is pleased to exclusively offer for sale a 4,940 SF freestanding Maverik sale-leaseback with 5+ years remaining on the initial lease term. This property is located along South Lakeport Street, a major Sioux City commercial corridor with strong visibility and convenient access to surrounding retail, housing, and employment.
FOR SALE DETAILS
PRICE
$3,600,000 USD
PRICE/SF
$726 USD /SF
CAP RATE
6.04%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Maverik
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Convenience Store, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2011
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.79 AC
LAND SF
34,412 SF
ZONING
-
APN/PARCEL ID
884705118028
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515-865-2985
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515-865-2985
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