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104 W Agency Rd

24,192 SF 100% Leased Retail Building West Burlington, IA 52655 $1,800,000 ($74/SF) 7.20% Cap Rate

Investment Highlights

  • Wal-Mart adjacent to property
  • Upside thru leasing vacant space

Executive Summary

Upside potential to achieve nearly 12% Cap rate with vacant space leased at $9.00 PSF, NET. Wal-Mart adjacent to property. Small shop space not included in sale and is under separate ownership with cross easements in place.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
24,192 SF
Building Class
C
Year Built
1997
Price
$1,800,000
Price Per SF
$74
Cap Rate
7.20%
NOI
$129,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.28
Land Acres
2.01 AC
Zoning
B2

Nearby Major Retailers

Rent-A-Center
United Rentals
Planet Fitness
Applebee's
Mazzio's
Mcalister's Deli
Starbucks
Perkins Restaurant & Bakery
Maid-Rite
U.S. Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10-36-351-020
Land Assessment
$375,600
Improvements Assessment
$1,179,400
Total Assessment
$1,555,000
  • Listing ID: 32111083

  • Date on Market: 6/12/2024

  • Last Updated:

  • Address: 104 W Agency Rd, West Burlington, IA 52655

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