2201 E Oak St - Warehouse FOR SALE


Algona, IA 50511
$8,000,000 USD
918-794-9787
2201 E Oak St, Algona, IA for Sale
$8,000,000 USD
Warehouse - FOR SALE
1/1
null | 7.75% Cap Rate

2201 E Oak St
Algona, IA 50511


HIGHLIGHTS

  • Brand New 15-Year Absolute NNN Lease Term with 2% Annual Rental Increases
  • Mission-Critical Headquarters Location
  • Innovative Operator with 65 Years of Experience and Strong Guarantee | $87.5M Revenue (2023)
  • Long-Term Customers | Average Customer Relationship is More Than 15 Years
  • Dominant Market Share | Largest Provider in Fertilizer Storage Construction Market
  • Growing Industry | 7-9% Annual Growth, $900M Value (est.) by 2027

OVERVIEW

Stueve Construction offers a passive investment opportunity with a brand-new 15-year absolute NNN lease, providing stable, long-term cash flow with no landlord responsibilities. The lease includes 2% annual rental increases and two 5-year renewal options, offering a hedge against inflation. The property serves as Stueve’s headquarters, housing corporate offices, engineering and field teams, and essential warehouse storage, underscoring its mission-critical value to the company’s operations. Founded in the 1950s, Stueve is the largest provider in the fertilizer storage construction market with a dominant market share of 15%. In 2023, Stueve generated $87.5M in revenue, projected to reach $108.7M in 2024. With an average 15-year customer relationship and anticipated market growth driven by U.S. agricultural expansion, this investment aligns with a growing industry set to reach $900M by 2027. (Scott Briggs, IA Lic. #B67010000)

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$256 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stueve Construction, LLC

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

5

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.18

LAND SF

399,881

ZONING

Commercial/Industrial

APN/PARCEL ID

22-01-277-009

ASK ABOUT THIS PROPERTY

Scott BriggsNorthmarqMore Info
918-794-9787

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Scott BriggsNorthmarqMore Info
918-794-9787

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