1846 NW 86th St - Service Station FOR SALE


$1,415,901 USD
513-300-0763
1846 NW 86th St, Clive, IA for Sale
$1,415,901 USD
Service Station - FOR SALE
1/4
null | 6.55% Cap Rate


HIGHLIGHTS

  • Jiffy Lube in Clive, IA with 15+ Years Remaining on Primary Term
  • Absolute NNN Lease Requiring Zero Landlord Responsibilities
  • Extremely Dense 5-Mile Demographics With 212,000+ Residents
  • Excellent Visibility Along NW 86th St With 26,900+ Vehicles Passing/Day
  • Situated in a Dense Retail Corridor With Numerous National Tenants Generating Additional Traf?c to the Area
  • Corporately Guaranteed Lease, Jiffy Lube International (2,000+ Locations - Subsidiary of Shell Oil Company)

OVERVIEW

JIFFY LUBE at 1846 NW 86TH ST, CLIVE, IA 50325, presents a lucrative investment opportunity. Priced at $1,415,901 with a solid 6.55% CAP rate, this property boasts a 4,468 SF building on a spacious .9 AC lot. The attractive features include a long-term absolute NNN lease with Jiffy Lube International, Inc. as the guarantor, ensuring zero landlord responsibilities. With over 15 years left on the lease and a corporately guaranteed agreement, investors can enjoy stable returns. The property benefits from an annual 2% rent increase, situated in a high-traffic area with excellent visibility along NW 86th St. Plus, dense demographics with over 212,000 residents within 5 miles add to the appeal of this investment opportunity. Located near Downtown Des Moines, this property stands out in a dense retail corridor surrounded by national tenants. Don't miss out on this desirable offering in Clive, IA! For more details, visit BANGCRE.COM.

FOR SALE DETAILS

PRICE

$1,415,901 USD

PRICE/SF

$218 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.