1314 Franklin St | Waterloo, IA 50703
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1314 Franklin St
Waterloo, IA 50703
Advance Auto Parts · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- BELOW MARKET RENTS – The subject property is paying $10.59 PSF versus market rent closer to $13 PSF
- Auto Parts sales tend to do just as well if not better in economic downturns and was deemed an essential retailer during the pandemic.
- NEARBY ATTRACTIONS – In the ninth-largest city in the state, the property is centrally located off the Cedar River with attractions.
- Corporately-guaranteed lease by Advance Auto Parts which holds a BBB- credit rating (S&P) with 6,290 stores locations.
- PROMINENT CORNER IN RETAIL CORRIDOR – Located on a signalized hard corner, this property is prominently situated on E 11th St & Franklin St.
- AFFLUENT AREA – An average household income of $79,683 and a population of 75,661 within a 5-mile radius.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,865 SF
Building Class
B
Year Built
1999
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
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