About This Restaurant
Investment Highlights
Personal Guaranteed Lease Backed by Over 40 Units. 5-Mile Population is Over 12,000 People. Outparcel to HyVee Grocery (Iowa's Largest Grocer) and Bomgaars (Prominent Regional Farm and Outdoor Supplier). Situated in Storm Lake's Main retail Trade Corridor. Low Rent at Only $12/SF. Nearby Retailers Include: HyVee, Walmart, Arby's, Anytime Fitness, McDonald's, Walgreens, Maurices.
Executive Summary
Abelardo's for sale in Storm Lake, IA. Investment NNN opportunity.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 3,499
- Building Class C
- Year Built/Renovated 1997/2023
- Price 599,000
- Price Per SF 171
- Cap Rate 7.01
- NOI 42,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 0.99 AC
Property Taxes
| Parcel Number | 10-34-184-007 | Improvements Assessment | $116,160 |
| Land Assessment | $342,080 | Total Assessment | $458,240 |
| Date Created: | 2024-07-16 04:13:37 | Last Updated: | 2024-07-16 04:13:37 |
| Address: | 1300 Lake Ave , Storm Lake, Iowa, 50588 | ||