2901 W Broadway - Fast Food FOR SALE


Council Bluffs, IA 51501
$1,958,000 USD
952-852-9767
2901 W Broadway, Council Bluffs, IA for Sale
$1,958,000 USD
Fast Food - FOR SALE
1/5
null | 6% Cap Rate

2901 W Broadway
Council Bluffs, IA 51501


HIGHLIGHTS

  • New 15-Year Lease with 7 Brew and New 10-Yr Corporate Lease with US Bank - Both Absolute NNN Ground Leases
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • Proven QSR Corridor - 5Neighboring Brands Rank Among the Top 10 in Iowa per Placer.ai: McDonald’s (#2), Arby’s (#2), Taco Bell (#3), Starbucks (#6)
  • Adjacent McDonald’s and Arby’s Rank in the Top 3% and Top 6% of Their Chains Nationally per Placer.ai
  • Experienced Multi-Brand Operator - High Plains Brew Holds Development Rights to 50+ Units
  • Location Validated by Its Prior Occupant – US Bank Operated a Branch Here for Over 30 Years

OVERVIEW

7 Brew Coffee founded its first coffee stand in 2017 in Rogers, Arkansas. The brand was created with the goal of serving premium coffee while providing a fun experience. Every 7 Brew Coffee store is a double drive-thru and serves coffee from beans sourced from Ethiopia, Columbia, and Brazil. Based in Minneapolis, Minnesota, U.S. Bancorp serves millions of customers locally, nationally, and globally through a diversified mix of businesses. U.S. Bancorp operates over 2,000 banking offices in 26 states with over 4,700 ATMs nationwide. Council Bluffs is a historic city in southwest Iowa and the county seat of Pottawattamie County. Situated on the east bank of the Missouri River directly across from Omaha, Nebraska, it has a population of roughly 63,000 and serves as a major rail, tech, and cultural hub in the region.

FOR SALE DETAILS

PRICE

$1,958,000 USD

PRICE/SF

$3,839 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Brew & US Bank ATM Ground Leases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

22,986 SF

ZONING

-

APN/PARCEL ID

7544-27-386-003

ASK ABOUT THIS PROPERTY

Jon RuzickaMarcus & MillichapMore Info
952-852-9767

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Jon RuzickaMarcus & MillichapMore Info
952-852-9767

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