Store # 4020 1910 SW White Birch Cir

3,407 SF Retail Building Ankeny, IA 50023 $2,025,000 ($594.36/SF) 7.50% Cap Rate

EXECUTIVE SUMMARY

**Maverik Convenience Store - Ankeny, Iowa** Invest in this single-tenant triple net investment opportunity at a 7.5% cap rate. Located at 1910 SW White Birch Circle in Ankeny, Iowa, this Kum & Go (Maverik) Convenience Store features 3,407 SF of building space on 1.55 acres of land with 18 pump stations. The property, built in 2008, benefits from a prime location at the signalized intersection of SW Oralabor & SW White Birch Dr. Leased to Kum & Go, L.C., on an absolute net lease with no landlord responsibilities, until December 22, 2029, this investment offers an annual net operating income of $151,871. With four 5-year lease renewal options, each with a 7.5% increase, this property provides a secure long-term investment opportunity. Don't miss the chance to own a piece of this thriving convenience store chain known for its high-quality fuel, fresh food offerings, and commitment to sustainability.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,407 SF
Building Class
B
Year Built
2008
Price
$2,025,000
Price Per SF
$594.36
Cap Rate
7.50%
NOI
$151,971
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.55 AC
Zoning
Commercial
Parking
14 Spaces (4.11 Spaces per 1,000 SF Leased)
Frontage
232’ on White Birch Dr

AMENITIES

  • Pylon Sign
  • Signage

NEARBY MAJOR RETAILERS

Anytime Fitness
Starbucks
Hy-Vee
Yoga Six
Pure Barre
Grimaldi's Pizzeria
Club Pilates

PROPERTY TAXES

  • Listing ID: 35125396

  • Date on Market: 3/13/2025

  • Last Updated:

  • Address: 1910 SW White Birch Cir, Ankeny, IA 50023