3333 Asbury Rd - Freestanding FOR SALE


Dubuque, IA 52002
$3,600,000 USD
513-300-0763
3333 Asbury Rd, Dubuque, IA for Sale
$3,600,000 USD
Freestanding - FOR SALE
1/1
null | 7.27% Cap Rate

3333 Asbury Rd
Dubuque, IA 52002


HIGHLIGHTS

  • The property benefits from a long-term ground lease with over eight years remaining and no landlord responsibilities, ensuring passive income.
  • Natural Grocers is a publicly traded company (NYSE: NGVC) with a $1 billion market capitalization, offering a stable and attractive tenant opportunity
  • Located in a high-traffic retail corridor near Sam’s Club, Hy-Vee, Kohl’s, and Walgreens, the site enjoys strong visibility.
  • The surrounding area includes over 75,000 residents within five miles and average household incomes of approximately $95,000.

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

$3,600,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

7.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,589 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 Notice.