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2435 James St
Coralville, IA 52241
IHOP · Retail Property For Sale
Investment Highlights
- ABSOLUTE NNN LEASE – There are zero landlord responsibilities or expenses, providing 100% passive income to the landlord
- STRATEGIC LOCATION – the property is strategically located off of US Hwy 6 which sees over ±26,000 cars per day
- TIME TEST BRAND – IHOP has been in business since 1969 and has successfully navigated numerous marketing cycles
- BELOW MARKET RENT – The tenant is only paying $15.43/SF which will help maintain profitability and longevity of the tenant
- PROXIMITY TO THE UNIVERSITY OF IOWA – The subject property is located less than 5 miles away from the University of Iowa
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,071 SF
Building Class
C
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.76 AC
Zoning
C
Amenities
- Restaurant
- Signage
Property Taxes
| Parcel Number | 1101120004 | Improvements Assessment | $674,400 |
| Land Assessment | $394,400 | Total Assessment | $1,068,800 |
Property Taxes
Parcel Number
1101120004
Land Assessment
$394,400
Improvements Assessment
$674,400
Total Assessment
$1,068,800
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