610 N Jefferson Way - Freestanding FOR SALE
Indianola, IA 50125 |
$564,871 USD
214-692-2289
610 N Jefferson Way
Indianola, IA 50125
HIGHLIGHTS
- Recent Retrofit: 2019 retrofit from a former Advance Auto Parts.
- Attractive Cap Rate: 8.50% cap rate provides strong yield for investors.
- Strong Demographics: 5-Mile population of 18,967 residents with continued growth and affluent $108,620 average household income.
- High Traffic Corridor: Traffic counts in excess of ±20,000 vehicles daily on Jefferson Way.
- Corporate Lease: Corporate lease with Shoe Sensation, Inc., a 244-location retailer in 20+ states.
- Niche Market Focus: Shoe Sensation fills underserved markets in smaller towns with limited competition.
FOR SALE DETAILS
PRICE
$564,871 USD
PRICE/SF
$82 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Shoe Sensation
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2014
SPRINKLERS
-
PARKING SPACES
28
LAND DETAILS
LAND ACRES
0.72 AC
LAND SF
31,363 SF
ZONING
Commercial
APN/PARCEL ID
48840130012
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214-692-2289
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214-692-2289
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