2441 4th St SW | Mason City, IA 50401
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This Retail Property is no longer advertised on LoopNet.com.
2441 4th St SW
Mason City, IA 50401
Jiffy Lube · Retail Property For Sale
Investment Highlights
- List price of $2,300,000 yielding a 5.00% cap rate
- Absolute Triple-Net Lease (NNN) – Zero Landlord Responsibilities
- Rent Increases – 10% increases every 5 years provide effective hedge against inflation
- Recent move-in from Jiffy Lube Corporate and 15 year lease with over 13 years remaining on the primary term
- Corporate Guarantee - Lease is backed by Jiffy Lube International, a subsidiary of Shell. JLI is the leader in the Quick Lube industry
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,764 SF
Building Class
B
Year Built
1989
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.80 AC
Parking
14 Spaces (7.94 Spaces per 1,000 SF Leased)
Frontage
150 FT on 4th Street Southwest
Links
PROPERTY TAXES
Parcel Number | 07-08-302-00-800 | Improvements Assessment | $124,010 |
Land Assessment | $195,130 | Total Assessment | $319,140 |
PROPERTY TAXES
Parcel Number
07-08-302-00-800
Land Assessment
$195,130
Improvements Assessment
$124,010
Total Assessment
$319,140
Learn More About Investing in Retail Properties
Listing ID: 26250442
Date on Market: 7/25/2022
Last Updated:
Address: 2441 4th St SW, Mason City, IA 50401
The Retail Property at 2441 4th St SW, Mason City, IA 50401 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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