Log In/Sign Up
Your email has been sent.
Pizza Ranch 1617 S Monroe Ave 5,729 SF Retail Building Mason City, IA 50401 $1,653,840 ($288.68/SF)
Investment Highlights
- Long term lease with experienced operators
- Annual rent increases
- Zero landlord responsibilities
Executive Summary
This freestanding Pizza Ranch property in Mason City, Iowa offers a stable, long-term investment backed by a true triple-net lease with zero landlord responsibilities and 18 years remaining on the current term. The asset generates a current annual NOI of $108,199 with contractual 3% annual increases, resulting in a 10-year average NOI of $124,038. Operated by experienced Pizza Ranch franchisees with over 20 years in the system, the building includes a popular Fun Zone arcade and benefits from its location in a thriving community of 26,000+ residents.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,729 SF
Building Class
C
Year Built
1973
Price
$1,653,840
Price Per SF
$288.68
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.87 AC
Opportunity Zone
Yes
Amenities
- Restaurant
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-16-251-04-200 | Improvements Assessment | $755,020 |
| Land Assessment | $89,410 | Total Assessment | $844,430 |
Property Taxes
Parcel Number
07-16-251-04-200
Land Assessment
$89,410
Improvements Assessment
$755,020
Total Assessment
$844,430
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Pizza Ranch | 1617 S Monroe Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.