807 W Taylor St - Fast Food FOR SALE
Creston, IA 50801 |
$1,275,000 USD
480-718-5555
807 W Taylor St
Creston, IA 50801
HIGHLIGHTS
- LONG-TERM ABSOLUTE NNN LEASE: 5 years remaining on initial 15-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years
- TENANT: Westar Group, Inc. owns & operates 30 Hardee’s locations in Iowa & Nebraska and 1 Corner Bakery Cafe in Kansas
- TRAFFIC COUNTS: Positioned on a large ±1.32-acre lot with excellent visibility/access on US-34/W Taylor St with traffic counts of 8,553 CPD
- SEASONED SALES LOCATION: Located in dominant retail corridor of Creston, across the street from Walmart, Tractor Supply Co., Hy-Vee & Bomgaars.
- Seasoned sales location with attractive 7.48% Rent to Sales Ratio (YE 2024)!
- 2024 DEMOGRAPHICS: Total Population (5MI): 8,374 | Average Household Income (1MI): $75,280
FOR SALE DETAILS
PRICE
$1,275,000 USD
PRICE/SF
$374 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
HARDEE’S – CRESTON, IA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2011
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.34 AC
LAND SF
58,370 SF
ZONING
C
APN/PARCEL ID
0512303002
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480-718-5555
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480-718-5555
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