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3441 86th St 5,952 SF Retail Building Urbandale, IA 50322 $1,375,000 ($231.01/SF) 7% Cap Rate
EXECUTIVE SUMMARY
Multi Unit / Multi State operator
New Roof in 2025
Significant Rent bumps this year, again in 2 years then every three years.
8.5 Years remaining on primary lease term
Ample parking for any drive thru or sit down restaurant user
New Roof in 2025
Significant Rent bumps this year, again in 2 years then every three years.
8.5 Years remaining on primary lease term
Ample parking for any drive thru or sit down restaurant user
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,952 SF
Building Class
B
Year Built
1990
Price
$1,375,000
Price Per SF
$231.01
Cap Rate
7%
NOI
$96,313
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.07 AC
Zoning
PUD - Planned Unit Development
Parking
85 Spaces (14.28 Spaces per 1,000 SF Leased)
Frontage
260’ on 86th St
AMENITIES
- Pylon Sign
- Restaurant
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 312-00611021002 | Improvements Assessment | $426,000 |
| Land Assessment | $674,000 | Total Assessment | $1,100,000 |
PROPERTY TAXES
Parcel Number
312-00611021002
Land Assessment
$674,000
Improvements Assessment
$426,000
Total Assessment
$1,100,000
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3441 86th St
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