610 Heartland Way - Convenience Store FOR SALE


North Liberty, IA 52317
$3,619,000 USD
248-226-1629
610 Heartland Way, North Liberty, IA for Sale
$3,619,000 USD
Convenience Store - FOR SALE
1/5
null | 6.25% Cap Rate

610 Heartland Way
North Liberty, IA 52317


HIGHLIGHTS

  • 3,392 SF Maverik Gas Station & Convenience Store Opportunity
  • 1.5% Annual Increases, Including Options
  • Absolute Net Lease – Zero Landlord Responsibilities
  • Signalized Hard-Corner Intersection
  • Located just off Interstate 380 (47K VPD)
  • North Liberty – 289% Population Growth Since 2000

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,619,000 USD

PRICE/SF

$1,067 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

69,936 SF

ZONING

C

APN/PARCEL ID

0611256003

ASK ABOUT THIS PROPERTY

Jordan WoodcockColliersMore Info
248-226-1629

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Jordan WoodcockColliersMore Info
248-226-1629

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