600 W Taylor St - Retail FOR SALE


Creston, IA 50801
$592,147 USD
513-300-0763
600 W Taylor St, Creston, IA for Sale
$592,147 USD
Retail - FOR SALE
1/1
null | 8% Cap Rate

600 W Taylor St
Creston, IA 50801


HIGHLIGHTS

  • 8.00% Cap Rate | $592,147.06 Asking Price - An accessible entry price point offering strong current yield in a stable, fully occupied asset
  • 100% Occupied, Four-Tenant Retail Center - Diversified tenant mix spanning healthcare, wireless retail, insurance, and specialty retail
  • Newer Vintage Construction (2004) - Minimal deferred maintenance with little to no anticipated near-term capital expenditure requirements
  • National Regional Credit Tenants-Athletico Physical Therapy(900 locations)Russell Cellular, authorized Verizon Premium Retailer operating in 23 states
  • High-Traffic Corridor Location-Direct frontage West Taylor Street at US Route 34, with combined traffic counts exceeding 18,500 VPD at immediate inter
  • Creston functions as the dominant retail, healthcare, and service hub for the surrounding rural trade area, providing institutional demand

OVERVIEW

600 W Taylor Street is a 6,000-square-foot multi-tenant retail strip center situated along the primary commercial corridor in Creston, Iowa, the Union County seat. Built in 2004, the property is 100% occupied by four tenants representing healthcare, wireless retail, insurance, and specialty retail - a complementary mix that generates consistent consumer traffic across all day parts. The center benefits from direct frontage on West Taylor Street at its intersection with US Route 34, Creston's primary east-west arterial, with combined counts at the immediate intersection exceeding 18,500 vehicles per day. The asset is offered at an 8.00% cap rate with an asking price of $592,147.06, generating $47,371.77 in net operating income. Creston serves as the commercial and governmental center of Union County in southwest Iowa, drawing consumers from a broad rural trade area. The property is positioned within 0.04 miles of US Route 34, and regional traffic corridors - including New York Avenue and South Sumner Avenue - record counts between 8,200 and 9,100 VPD within 0.30 miles of the site, reflecting Creston's role as the dominant retail destination for the surrounding region.

FOR SALE DETAILS

PRICE

$592,147 USD

PRICE/SF

$146 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

-

APN/PARCEL ID

0512328018,0512328019

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.