2108 Isaac Newton Dr - Restaurant FOR SALE


Ames, IA 50010- East Ames
$3,000,000 USD
515-865-2985
2108 Isaac Newton Dr, Ames, IA for Sale
$3,000,000 USD
Restaurant - FOR SALE
1/4
null | 6.7% Cap Rate

2108 Isaac Newton Dr
Ames, IA 50010
East Ames


HIGHLIGHTS

  • New 7-year lease with Abelardo’s and recent 5-year renewal by Maverik
  • Strategically located at the intersection of Interstate 35 and Highway 30
  • Qualifies for 100% Bonus Depreciation (check with tax advisor)
  • FJ Management Inc, formerly known as Flying J Inc, is a privately-held American corporation which operates as the parent company to Maverik
  • The company has seen number of locations double since 2023
  • Maverik is an industry-leading convenience store chain with 840+ locations in 21 states

OVERVIEW

The property is located on a high-visibility corner with immediate access to Highway 30 and Interstate 35. The property lies in a growing commercial corridor that has a strong daytime population from nearby businesses and Iowa State University, with nearly 900 hotel rooms within 1/4 mile and over 2.3 million square feet of commercial/industrial space nearby.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$600 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.2 AC

LAND SF

139,392 SF

ZONING

HOC

APN/PARCEL ID

09-12-480-040

ASK ABOUT THIS PROPERTY

Tyler DingelCBREMore Info
515-865-2985

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Tyler DingelCBREMore Info
515-865-2985

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