715 Doris Dr - Restaurant FOR SALE
Evansdale, IA 50707 |
$1,641,026 USD
909-348-2407
715 Doris Dr
Evansdale, IA 50707
HIGHLIGHTS
- Located at Exit 68 off US-20/I-380 with 27,000+ vehicles per day and strong drive-thru visibility.
- Absolute NNN lease with ±12.5 years remaining, expiring 12/31/2038.
- 5% rent increases every 5 years with four 5-year renewal options through 2058.
- 8% percentage rent above sales breakpoint with quarterly and annual financial reporting.
- 2020 construction representing Burger King's newer store footprint.
- Metro anchored by John Deere, Tyson Fresh Meats, and University of Northern Iowa.
FOR SALE DETAILS
PRICE
$1,641,026 USD
PRICE/SF
$533 USD /SF
CAP RATE
5.85%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Burger King
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.28 AC
LAND SF
55,756 SF
ZONING
C
APN/PARCEL ID
8812-04-377-006
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909-348-2407
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909-348-2407
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
