202 11th Street Sw Plz - Fast Food FOR SALE
Spencer, IA 51301 |
$799,000 USD
248-702-0288
202 11th Street Sw Plz
Spencer, IA 51301
HIGHLIGHTS
- Personal Guaranteed Lease Backed by Over 40 Units.
- Spencer Serves as a Regional Hub for the Surrounding 20 Mile Radius.
- Spencer IA has grown by 2.98% since last census.
- Abelardo's is Positioned Along Spencer's Main Retail Corridor.
- Nearby Retailers Include Walmart, Bomgaars, Hobby Lobby, KFC, Jersey Mike's, Menard's, and Many Others.
- Replaceable Rents of $13.24/SF Make This a Fundamentally Sound Investment.
FOR SALE DETAILS
PRICE
$799,000 USD
PRICE/SF
$250 USD /SF
CAP RATE
7.26%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Abelardo's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.9 AC
LAND SF
39,017 SF
ZONING
C
APN/PARCEL ID
9636-19-102-007
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248-702-0288
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248-702-0288
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