Maverik Gas & Convenience Store represents a long-term, absolute net-lease investment opportunity in the rapidly growing community of North Liberty, Iowa. Positioned on a 1.61-acre parcel, the property includes a 3,392-square-foot retail building supported by a corporate guarantee from Maverik Group, LLC. The lease includes 1.5% annual rent escalations through the remaining term and four successive five-year extension options, providing consistent cash flow and security for investors with zero landlord responsibilities.
Situated just off Interstate 380 and West Penn Street, this location boasts strong visibility at a signalized intersection with high traffic counts of approximately 47,000 vehicles per day, ensuring steady customer activity. The asset benefits from significant regional growth dynamics, including a population increase of nearly 289% in North Liberty since 2000 and a robust local economy driven by healthcare, education, and technology. With proximity to Iowa City and the University of Iowa, and surrounded by national retailers and service providers, this property is well positioned for long-term stability and income growth.