808 S Main St - Convenience Store FOR SALE


Monona, IA 52159
$552,000 USD
949-698-1100
808 S Main St, Monona, IA for Sale
$552,000 USD
Convenience Store - FOR SALE
1/7
null | 8.4% Cap Rate

808 S Main St
Monona, IA 52159


HIGHLIGHTS

  • Bite-Sized Price Point | M-T-M Lease | Cheap Rent-to-square foot
  • NN+ Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Located in the Heart of Monona | Minimal Competition
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The tenant, Quillin’s is currently paying very low rent leaving upside opportunity for investors. • Quillin’s is currently operating on a month-to-month lease leaving opportunity to negotiate an extension or redeveloping the site for investors. • The tenant is currently paying far below market rents averaging $3.74 per square foot.

FOR SALE DETAILS

PRICE

$552,000 USD

PRICE/SF

$36 USD /SF

CAP RATE

8.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quillin's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

-

APN/PARCEL ID

22-36-14-436-001

ASK ABOUT THIS PROPERTY

Thomas FeldmanSRS National Net LeaseMore Info
949-698-1100

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Thomas FeldmanSRS National Net LeaseMore Info
949-698-1100

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