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Gobbler's Roost 306 3rd St

2,672 SF Retail Building Grafton, IA 50440 £148,253 (£55/SF) 6.11% Net Initial Yield

Investment Highlights

  • Owners have an excellent business. Located in a small town with many updates to the building and equipment. Turn key restaurant

Executive Summary

Dreaming of being your own boss! Look no further with this turn key restaurant and bar. Gobblers Roost has been a north Iowa favorite since 1974. Owners have made extensive upgrades and improvements to the building. Not limited to roof, electrical, remodeling of interior and new patio addition for summertime enjoyment. EVERYTHING will be included in the sale right down to the food in the coolers and freezer. List of upgrades and books available to interested parties.

Attachments

Historical Marketing Brochure
gobblers improvements

Data Room Click Here to Access

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2022) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,672 SF
Building Class
C
Year Built/Renovated
1960/2020
Price
£148,253
Price Per SF
£55
Net Initial Yield
6.11%
NOI
£9,060
Tenancy
Single
Number of Floors
1
Frontage
35 ft on 3rd Street

Amenities

  • Fenced Lot
  • Restaurant
  • Air Conditioning
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(641) 424-9413 x2

  • Listing ID: 28828710

  • Date on Market: 22/06/2023

  • Last Updated:

  • Address: 306 3rd St, Grafton, IA 50440

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© 2024 CoStar Group

Gobbler's Roost | 306 3rd St
(641) 424-9413 x 2

Gobbler's Roost | 306 3rd St

Shannon Anderson

(641) 424-9413

x2

(641) 424-9413 x2

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