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Edon Center 3533 Main St 22,200 SF 100% Leased Retail Building Keokuk, IA 52632 $799,000 ($35.99/SF) 6.77% Cap Rate
Investment Highlights
- High Visibility with 12,100 vehicles per day on Main St.
- 22,200 SF building with 5 units.
Executive Summary
Moreover, the potential to increase rents over time presents a promising opportunity to significantly boost revenue and enhance the property's financial performance. With almost 14 acres of land available, there is ample space to build additional buildings, whether for retail or industrial/storage purposes, offering the potential to further diversify revenue streams and expand the property's income-generating capacity. The abundance of parking adds to the property's allure, providing convenience for tenants and customers and contributing to the property's overall value proposition.
In summary, this property offers a rare combination of stability, growth potential, and versatility, making it an ideal investment for those seeking a secure and lucrative opportunity in the retail and strip center market. Its prime location, strong tenant base, and expansive acreage make it a standout choice for investors looking to capitalize on the thriving commercial landscape of SE Iowa and unlock the property's full potential for long-term success and value creation. This investment opportunity provides a solid foundation for investors to establish or expand their presence in the region and benefit from the property's strong performance, promising outlook, and capacity for sustained growth and profitability.
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Wholesaler
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
Fastenal is a publicly traded industrial supply company founded in 1967 and headquartered in Winona, Minnesota. The Norcross, Georgia branch operates as a fulfillment center offering a wide range of products including fasteners, tools, safety equipment, and facility maintenance supplies. The company provides inventory management, vending solutions, and supply chain support to industrial and construction clients. Fastenal is listed on the Nasdaq under the ticker symbol FAST and maintains thousands of locations across North America and internationally. The Norcross location is part of Fastenal’s extensive network of branches serving regional markets.
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- Manufacturing
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
The Sherwin-Williams Company delivers the best in paint and coatings products to the world. Every day, their employees provide the energy and experience to build on their track record of success – enabling them to innovate and grow in new and exciting ways. With their people as the foundation of their Company, they offer industry-leading innovation, value-added service and expertise, and differentiated distribution to their growing base of professional, industrial, commercial and consumer customers. Sherwin-Williams has one of the industry’s most recognized portfolios of branded and private-label products. The Company’s Sherwin-Williams® branded products are sold exclusively through a chain of company operated stores and facilities in the United States, Canada, the Caribbean and Latin America.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Wholesaler | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
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Manufacturing | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-45-21-14-378-0160 | Improvements Assessment | $802,700 |
| Land Assessment | $74,460 | Total Assessment | $877,160 |
Property Taxes
Presented by
CHASE. Collective
Edon Center | 3533 Main St
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