Asking Price: $1,376,487
Building Size: 4,828 SQ FT
Lot Size: 74488
Cost per Square Foot: $285.11
Cap Rate: 8.00%
Trinity REIS is pleased to present the opportunity to acquire an Absolute NNN Lease Burger King in Missouri Valley, Iowa. There are 6.5+ years remaining on the current term, with anticipated attractive 1.5% Annual Rent Increases. This subject property corporately guaranteed.
The Subject Property is part a single-tenant net lease portfolio. For more information regarding this property, or the 8 others in the portfolio, please reach out to Trinity REIS. The portfolio consist of 9 properties for a total purchase price of $15M with a blended cap rate of 7.72% and average lease term remaining of 9 years. Other tenants in the portfolio; Burger King (corporate), Gerber Collision, Dollar General, EZ Pawn and more.
Key Points: Corporately Guaranteed Burger King - Missouri Valley, Iowa 6.5+ Years Remaining on Absolute NNN Lease Attractive 1.5% Annual Rent Increases Large 1.70 Acre Lot Omaha MSA - Direct Route to Omaha Via I-29 (12K+ VPD) Direct On/Off Access to Interstate 29 - Major North/South Interstate in Midwest