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2108 Isaac Newton Dr 7,752 SF 100% Leased Retail Building Ames, IA 50010 $3,000,000 ($387.00/SF) 6.70% Cap Rate
Investment Highlights
- New 7-year lease with Abelardo’s and recent 5-year renewal by Maverik
- Qualifies for 100% Bonus Depreciation (check with tax advisor)
- The company has seen number of locations double since 2023
- Strategically located at the intersection of Interstate 35 and Highway 30
- FJ Management Inc, formerly known as Flying J Inc, is a privately-held American corporation which operates as the parent company to Maverik
- Maverik is an industry-leading convenience store chain with 840+ locations in 21 states
Executive Summary
The property is located on a high-visibility corner with immediate access to Highway 30 and Interstate 35. The property lies in a growing commercial corridor that has a strong daytime population from nearby businesses and Iowa State University, with nearly 900 hotel rooms within 1/4 mile and over 2.3 million square feet of commercial/industrial space nearby.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,752 SF
Building Class
B
Year Built
2003
Price
$3,000,000
Price Per SF
$387.00
Cap Rate
6.70%
NOI
$200,996
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
3.20 AC
Zoning
HOC
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Abelardo’s
- -
-
99,999 SF
- -
- -
- Maverik
- -
-
99,999 SF
- -
- -
- Subway
- -
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Abelardo’s | - | 99,999 SF | - | - | ||
| Maverik | - | 99,999 SF | - | - | ||
| Subway | - | 99,999 SF | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 09-12-480-040 | Improvements Assessment | $1,851,000 |
| Land Assessment | $1,531,200 | Total Assessment | $3,382,200 |
Property Taxes
Parcel Number
09-12-480-040
Land Assessment
$1,531,200
Improvements Assessment
$1,851,000
Total Assessment
$3,382,200
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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2108 Isaac Newton Dr
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