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Boone Liquor & Tobacco - Boone, IA 1030 8th St 5,000 SF Retail Building Boone, IA 50036 $800,000 ($160/SF)
Investment Highlights
- Owner-user storefront opportunity with high annual sales.
- This store sits on a tight lot just across the street from a 57-unit apartment complex with nearly full occupancy.
- The surrounding 1-mile trade area features an average household income exceeding $81,500, providing a strong customer base.
- Real estate and inventory included with a strong track record of liquor, tobacco, and CBD sales totaling an average of $85,000 monthly.
- The store captures approximately 50% of liquor, tobacco, and CBD spending within a 1-mile trade area, generating approximately $1.2 millio.
- More than 2,100 households and over 5,100 residents reside within a 1-mile radius, supporting consistent daily consumer demand.
Executive Summary
We are pleased to exclusively offer for sale Boone Liquor & Tobacco, a 5,000 SF retail property located at 1030 8th Street in Boone, IA. This owner-user opportunity includes both the real estate and inventory, providing a turnkey acquisition. The offering is priced at $800,000 for the real estate and $300,000 for the inventory required to operate the business. With a strong operating history and average monthly sales of approximately $85,000 from liquor, tobacco, and CBD products, this asset presents an attractive opportunity for an owner-operator or investor.
In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IA, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IA, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Year Built
1940
Price
$800,000
Price Per SF
$160
Tenancy
Single
Building Height
1 Story
Building FAR
1.05
Lot Size
0.11 AC
Zoning
INC
Frontage
50’ on 8th St
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 088426281182035 | Improvements Assessment | $154,910 |
| Land Assessment | $20,400 | Total Assessment | $175,310 |
Property Taxes
Parcel Number
088426281182035
Land Assessment
$20,400
Improvements Assessment
$154,910
Total Assessment
$175,310
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