1314 Franklin St | Waterloo, IA 50703
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This Retail Property is no longer advertised on LoopNet.com.
1314 Franklin St
Waterloo, IA 50703
Advance Auto Parts | Recent Renewal · Retail Property For Sale

INVESTMENT HIGHLIGHTS
- Advance Auto Parts with Over 4.5 Years Remaining in Waterloo, IA
- 2000 Build-to-Suit with Original 10- Year Lease | Over 20-Year History at Site | AAP Accepted Three Long- Term Renewals Since Original Commencement
- Dense Infill & Middle-Income Location | Demographics Cater Extremely Well to Tenant | 9,371 Residents within 1-Miles & 53,030 Residents within 3-Miles
- Recently Extended Lease for 5-Years thru December 2025 Showing Strong Success & Commitment to Site
- Significant 11% Rent Bump in Next Option | Hedge Against Inflation | Increases CAP Rate to 7.91%
- 7,000 SF Store on Large Parcel with 35 Parking Spaces & Two Cuts | In-Line with New Prototypical BTS
PROPERTY FACTS
Property Type
Retail
Property Subtype
- Freestanding
- General Retail Auto Repair
- General Retail Storefront
Building Size
7,000 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.83 AC
Zoning
RT - Retail Trade
Parking
32 Spaces (4.57 Spaces per 1,000 SF Leased)
Frontage
375’ on E 11th St
AMENITIES
- Corner Lot
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 8913-25-251-030 | Improvements Assessment | $420,930 |
| Land Assessment | $104,130 | Total Assessment | $525,060 |
PROPERTY TAXES
Parcel Number
8913-25-251-030
Land Assessment
$104,130
Improvements Assessment
$420,930
Total Assessment
$525,060
Listing ID: 23655661
Date on Market: 7/12/2021
Last Updated:
Address: 1314 Franklin St, Waterloo, IA 50703
The Retail Property at 1314 Franklin St, Waterloo, IA 50703 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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