Retail Space /IA /Polk County /Altoona /2929 8th St SW
Retail Space /IA /Polk County /Altoona /2929 8th St SW

2929 8th St SW - Fast Food FOR SALE


Altoona, IA 50009- Outer SE Des Moines N | 
$3,981,818 USD
2929 8th St SW, Altoona, IA for Sale
$3,981,818 USD
Fast Food - FOR SALE
1/10
null | 5.5% Cap Rate
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2929 8th St SW
Altoona, IA 50009
Outer SE Des Moines N

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HIGHLIGHTS

  • LONG TERM COMMITMENT: 17 year absolute NNN lease, demonstrating their commitment to the site.
  • WELL POSITIONED: Situated just off 8th St SW, adjacent to interstate seeing approximately 20,200 VPD.
  • AFFLUENT AREA: The average household income within a 3 mile radius is $89,289.
  • RETAIL DENSE LOCATION: The site is shadow Anchored by Walmart, Target, Lowe’s and Menards.

OVERVIEW

EXPERIENCED OPERATOR: Raising Cane’s is an established and nationally recognized brand with over 600 locations and one of the fastest growing chains in the U.S

FOR SALE DETAILS

PRICE

$3,981,818 USD

PRICE/SF

$1,313 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

-

APN/PARCEL ID

171/00511-600-003

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