2435 James St - Restaurant FOR SALE
Coralville, IA 52241 |
$1,159,000 USD
2435 James St
Coralville, IA 52241
HIGHLIGHTS
- ABSOLUTE NNN LEASE: 2 years remaining on Absolute NNN Ground lease with six 5-year options to renew - Tenant reimburses for Taxes & Insurance
- TENANT | GUARANTORS: A.K. Real Estate Holding Company owns & operates 17 locations
- RETAIL CORRIDOR: Located on main thoroughfare between University of Iowa and regional retail area
- According to Placer.AI, this Comfort Suites is ranked in the top 89th percentile of its brand nationwide
- Positioned on a ±0.76-acre lot with excellent visibility/access on US-6 with traffic counts of 31,317 CPD!
- 2024 DEMOGRAPHICS: Total Population (5MI): 100,467 | Average Household Income (1MI): $123,659
FOR SALE DETAILS
PRICE
$1,159,000 USD
PRICE/SF
$229 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
IHOP – CORALVILLE, IA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Bank, Fast Food, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.76 AC
LAND SF
33,106 SF
ZONING
C
APN/PARCEL ID
1101120004
ASK ABOUT THIS PROPERTY
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