2929 8th St SW
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2929 8th St SW
3,033 SF Retail Building Altoona, IA 50009 £3,263,935 (£1,076/SF) 5.25% Net Initial Yield
Investment Highlights
- LONG TERM COMMITMENT: 17 year absolute NNN lease, demonstrating their commitment to the site.
- AFFLUENT AREA: The average household income within a 3 mile radius is $89,289.
- WELL POSITIONED: Situated just off 8th St SW, adjacent to interstate seeing approximately 20,200 VPD.
- RETAIL DENSE LOCATION: The site is shadow Anchored by Walmart, Target, Lowe’s and Menards.
Executive Summary
EXPERIENCED OPERATOR: Raising Cane’s is an established and nationally recognized brand with over 600 locations and one of the fastest growing chains in the U.S
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,033 SF
Building Class
B
Year Built
2019
Price
£3,263,935
Price Per SF
£1,076
Net Initial Yield
5.25%
NOI
£171,357
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
1.31 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 171/00511-600-003 | Improvements Assessment | £2,550,787 |
| Land Assessment | £970,238 | Total Assessment | £3,521,025 |
PROPERTY TAXES
Parcel Number
171/00511-600-003
Land Assessment
£970,238
Improvements Assessment
£2,550,787
Total Assessment
£3,521,025
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2929 8th St SW
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