3333 Asbury Rd - Freestanding FOR SALE


Dubuque, IA 52002
$3,737,500 USD
513-300-0763
3333 Asbury Rd, Dubuque, IA for Sale
$3,737,500 USD
Freestanding - FOR SALE
1/1
null | 7% Cap Rate

3333 Asbury Rd
Dubuque, IA 52002


HIGHLIGHTS

  • Long-term ground lease with over 8 years remaining
  • Natural Grocers is a publicly traded company (NYSE: NGVC) with a $1 billion market capitalization
  • Natural Grocers is the leading organic and natural specialty grocer in the country with approximately 170 locations
  • No landlord responsibilities
  • Approximately 75,000 people living within five miles
  • Affluent surrounding area with average annual household incomes of $95,000 within five miles

OVERVIEW

Bang Realty, Inc. is pleased to exclusively market for sale a Natural Grocers ground lease located in Dubuque, IA. The property is strategically located in a regional retail destination with high barriers to entry. There are approximately 75,000 people living within five miles of the property with average annual household incomes of roughly $95,000. There are over nine years remaining on the Natural Grocers ground lease that expires on November 30, 2033. The ground lease features no landlord responsibilities and a rental increase in December 2028, and in each renewal option. Natural Grocers is a publicly traded company (NYSE: NGVC) with a $625M market capitalization. The company is the leading specialty retailer of natural and organic groceries, and dietary supplements. They operate approximately 170 locations in 21 states

FOR SALE DETAILS

PRICE

$3,737,500 USD

PRICE/SF

$140 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C3

APN/PARCEL ID

10-21-229-012

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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