1609 18th St | Spirit Lake, IA 51360
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1609 18th St
Spirit Lake, IA 51360
Spirit Lake Retail Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 14,700 Square Foot Multi-Tenant Retail Center Located just down the street from a Walmart Supercenter
- Zero Lease Rollover until September 2026
- Strong Mix of National Credit Retailer Including Dollar Tree (NASDAQ: “DLTR”) with Local E-Commerce Resistant Tenants
- Fully Stabilized Retail Center Offered at 100% Leased
- Triple Net Leases with Very Minimal Landlord Responsibility
- Long-Term Leases with Zero Lease Rollover until 2024 | Dollar Tree (66% of GLA) is Leased thru January 2027
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,700 SF
Building Class
B
Year Built
2019
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.30 AC
Zoning
C - Commercial Retail
Parking
60 Spaces (4.08 Spaces per 1,000 SF Leased)
Frontage
261’ on 18th Street
AMENITIES
- Pylon Sign
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 07-05-428-004 | Improvements Assessment | $1,641,200 |
| Land Assessment | $316,300 | Total Assessment | $1,957,500 |
PROPERTY TAXES
Parcel Number
07-05-428-004
Land Assessment
$316,300
Improvements Assessment
$1,641,200
Total Assessment
$1,957,500
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