2500 4th St SW
Waverly, IA 50677
Applebee's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The property is occupied by a single tenant on a net lease, minimizing landlord responsibilities
- Thrive Restaurant Group is a well-known, nationally successful franchise company with a diversified portfolio over 170 restaurants
- US-218 BUS, carrying approximately 15,000 VPD in the area, is the most highly traveled roadway in the entire city
- The site is an outlot to a steady traffic driver, Walmart Supercenter, the only Walmart in the city
- The parcel is located on a signalized intersection of US- 218 BUS
- With a relatively highly educated and young population, the surrounding area is primed for continued growth, as evidenced by steady population growth
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,840 SF
Building Class
B
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.09 AC
Parking
74 Spaces
Frontage
243’ on 4th Street Southwest
PROPERTY TAXES
| Parcel Number | 09-10-400-060 | Improvements Assessment | $701,250 |
| Land Assessment | $522,500 | Total Assessment | $1,223,750 |
