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High Traffic Opportunity with 6.7 CAP Rate! 320 HWY 71 S

1,952 SF Retail Building Arnolds Park, IA 51331 £509,067 (£261/SF) 6.70% Net Initial Yield

Investment Highlights

  • Current Tenant, Giliberto's Taco Shop is a chain of 14 stores
  • Glass garage door leading to an outdoor patio for additional seating
  • Newly constructed modern retail/restaurant building
  • Located directly across from Arnolds Amusement Park on US-HWY 71

Executive Summary

Newly constructed modern retail/restaurant building that features a drive-thru with 26 interior seating with a glass garage door leading to an outdoor patio for additional seating. Home of the Iowa Great Lakes, the property is conveniently located on US-HWY 71. The ideal location offers high car counts & is directly across from Arnolds Park Amusement Park! Potential for Kiosk Bank, DriveThru Pharmacy or Retail. Current tenant Giliberto's Taco Shop, one of 14 locations.

Attachments

Broker Flyer
Tenant Locations

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Ground Lease Sold
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,952 SF
Building Class
B
Year Built
2020
Price
£509,067
Price Per SF
£261
Net Initial Yield
6.70%
NOI
£34,108
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
1.10 AC
Zoning
C - Commercial Zoning
Parking
16 Spaces (11.36 Spaces per 1,000 SF Leased)
Frontage
150 ft on HWY 71

Amenities

  • Drive Thru

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Giliberto's Mexican Taco Shop
  • -
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

24 Hour Mexican Food in Arnolds Park Iowa

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Giliberto's Mexican Taco Shop - - $9.99 Lorem Ipsum Jan 0000
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Nearby Major Retailers

Scooter's Coffeehouse
Northwest Bank

PROPERTY TAXES

Parcel Number 07-30-406-005 Improvements Assessment £486,508
Land Assessment £226,374 Total Assessment £712,881

PROPERTY TAXES

Parcel Number
07-30-406-005
Land Assessment
£226,374
Improvements Assessment
£486,508
Total Assessment
£712,881
(602) 739-5008

Contact

  • Listing ID: 27963911

  • Date on Market: 13/03/2023

  • Last Updated:

  • Address: 320 HWY 71 S, Arnolds Park, IA 51331

The Retail Property at 320 HWY 71 S, Arnolds Park, IA 51331 is currently available for sale. Contact Nick Steffes for more information.

Nearby Listings

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VIDEOS
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320 HWY 71 S, Arnolds Park, IA for sale Building Photo- Image 1 of 26
Store Front
320 HWY 71 S, Arnolds Park, IA for sale Building Photo- Image 2 of 26
Side View with Patio
320 HWY 71 S, Arnolds Park, IA for sale Building Photo- Image 3 of 26
Drive Thru and Patio
320 HWY 71 S, Arnolds Park, IA for sale Building Photo- Image 4 of 26
Rear View and Parking
320 HWY 71 S, Arnolds Park, IA for sale Building Photo- Image 5 of 26
Rear, Dumpster and Drive Thru
320 HWY 71 S, Arnolds Park, IA for sale Building Photo- Image 6 of 26
Side of Drive Thru
320 HWY 71 S, Arnolds Park, IA for sale Building Photo- Image 7 of 26
Rear View
320 HWY 71 S, Arnolds Park, IA for sale Building Photo- Image 8 of 26
Patio View
320 HWY 71 S, Arnolds Park, IA for sale Interior Photo- Image 9 of 26
Dining Room 1
320 HWY 71 S, Arnolds Park, IA for sale Interior Photo- Image 10 of 26
Dining Room 2
320 HWY 71 S, Arnolds Park, IA for sale Interior Photo- Image 11 of 26
Dining Room and Counter
320 HWY 71 S, Arnolds Park, IA for sale Interior Photo- Image 12 of 26
Counter View
320 HWY 71 S, Arnolds Park, IA for sale Interior Photo- Image 13 of 26
Behind-Counter View
320 HWY 71 S, Arnolds Park, IA for sale Interior Photo- Image 14 of 26
Kitchen
320 HWY 71 S, Arnolds Park, IA for sale Interior Photo- Image 15 of 26
Grill and Fryers
320 HWY 71 S, Arnolds Park, IA for sale Interior Photo- Image 16 of 26
Kitchen Sinks
320 HWY 71 S, Arnolds Park, IA for sale Interior Photo- Image 17 of 26
Back of Kitchen
320 HWY 71 S, Arnolds Park, IA for sale Interior Photo- Image 18 of 26
Kitchen Rear Exit and Fridge
320 HWY 71 S, Arnolds Park, IA for sale Building Photo- Image 19 of 26
Aerial from down the Street
320 HWY 71 S, Arnolds Park, IA for sale Building Photo- Image 20 of 26
Aerial from Back
320 HWY 71 S, Arnolds Park, IA for sale Building Photo- Image 21 of 26
Aerial from Road
320 HWY 71 S, Arnolds Park, IA for sale Building Photo- Image 22 of 26
Aerial for Entire Street
320 HWY 71 S, Arnolds Park, IA for sale Building Photo- Image 23 of 26
Overhead view
320 HWY 71 S, Arnolds Park, IA for sale Other- Image 24 of 26
Current Tenant
320 HWY 71 S, Arnolds Park, IA for sale NeighborhoodPhoto- Image 25 of 26
Arnolds Park

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© 2024 CoStar Group

High Traffic Opportunity with 6.7 CAP Rate! | 320 HWY 71 S
(602) 739-5008 x

High Traffic Opportunity with 6.7 CAP Rate! | 320 HWY 71 S

Nick Steffes

(602) 739-5008

(602) 739-5008

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