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Iowa Trust & Savings Bank 15591 Hickman Rd

14,325 SF Retail Building Clive, IA 50325 $11,750,000 ($820/SF) 6.75% Cap Rate

Banks Iowa Clive 15591 Hickman Rd, Clive, IA 50325

Investment Highlights

  • Brand new bank headquarters built in 2023
  • Absolute NNN Lease
  • Parking 58 on the site with cross easement
  • New 20 Year Lease Term

Executive Summary

• Brand new Bank HQ
• Absolute NNN 20-year Sale Lease back.
• Delivery November 2023
• Lease execution upon SLB closing.
• Year one NET rent $820,000
• 14,325 LSF

Property Facts

Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Bank
Building Size
14,325 SF
Year Built
2023
Price
$11,750,000
Price Per SF
$820
Cap Rate
6.75%
NOI
$793,125
Tenancy
Single
Building Height
2 Stories
Building FAR
0.14
Lot Size
2.30 AC
Zoning
C2 - Commercial
Parking
58 Spaces (4.05 Spaces per 1,000 SF Leased)

Links

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15591 Hickman Rd, Clive, IA - aerial map view - Image1
15591 Hickman Rd, Clive, IA - aerial map view - Image2
15591 Hickman Rd, Clive, IA - aerial map view - Image3

Nearby Major Retailers

Bank of Montreal
7 Brew Coffee
Fareway
StorageMart

PROPERTY TAXES

Parcel Number 000001225352021 Improvements Assessment $3,774,120
Land Assessment $1,646,620 Total Assessment $5,420,740

PROPERTY TAXES

Parcel Number
000001225352021
Land Assessment
$1,646,620
Improvements Assessment
$3,774,120
Total Assessment
$5,420,740
(515) 707-8700

Contact

  • Listing ID: 30255172

  • Date on Market: 12/1/2023

  • Last Updated:

  • Address: 15591 Hickman Rd, Clive, IA 50325

More public record information on 15591 Hickman Rd, Clive, IA 50325

The Retail Property at 15591 Hickman Rd, Clive, IA 50325 is currently available for sale. Contact CBRE for more information.

Nearby Listings

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15591 Hickman Rd, Clive, IA for sale Interior Photo- Image 1 of 14
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15591 Hickman Rd, Clive, IA for sale Interior Photo- Image 3 of 14
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15591 Hickman Rd, Clive, IA for sale Interior Photo- Image 4 of 14
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15591 Hickman Rd, Clive, IA for sale Building Photo- Image 5 of 14
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15591 Hickman Rd, Clive, IA for sale Building Photo- Image 6 of 14
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15591 Hickman Rd, Clive, IA for sale Building Photo- Image 7 of 14
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15591 Hickman Rd, Clive, IA for sale Building Photo- Image 8 of 14
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15591 Hickman Rd, Clive, IA for sale Aerial- Image 11 of 14
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15591 Hickman Rd, Clive, IA for sale Aerial- Image 13 of 14
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Iowa Trust & Savings Bank | 15591 Hickman Rd
(515) 707-8700 x

Iowa Trust & Savings Bank | 15591 Hickman Rd

Jon Ledinsky

(515) 707-8700

(515) 707-8700

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