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4015 Lowes Blvd
Waterloo, IA 50701
Retail Property For Sale
Investment Highlights
- Existing drive-thru infrastructure supports restaurant and service-oriented operations.
- Located near Lowe's and Sam's Club within an established retail corridor.
- Positioned within a trade area serving nearly 73,000 residents within five miles.
- Freestanding building allows independent branding and customer access.
- Convenient access to San Marnan Drive and U.S. Highway 20.
- Situated on approximately 0.95 acres with visibility among surrounding retailers.
Executive Summary
4015 Lowe's Boulevard presents an opportunity to acquire a standalone second-generation restaurant property positioned within one of Waterloo's established retail corridors. The property benefits from its location near Lowe's and Sam's Club, placing it among nationally recognized retailers that contribute to consistent consumer activity throughout the surrounding trade area. Existing restaurant infrastructure, including a drive-thru configuration, may reduce redevelopment timelines and capital requirements for future ownership.
The site offers convenient connectivity to San Marnan Drive and U.S. Highway 20, providing access to Waterloo, Cedar Falls, and the broader Cedar Valley region. The surrounding area includes a mix of retail, service, and residential uses that support ongoing commercial demand. Within a five-mile radius, the property serves a population of 72,988 residents and 31,892 households, providing a broad customer base for restaurant, retail, or service-oriented concepts.
Situated on approximately 0.95 acres, the asset offers visibility within an active commercial environment and may appeal to owner-users, investors, or operators seeking a freestanding location with existing restaurant improvements. The combination of established retail co-tenancy, regional roadway access, and a proven restaurant layout creates flexibility for a variety of future business strategies while benefiting from Waterloo's role as a regional retail destination.
The site offers convenient connectivity to San Marnan Drive and U.S. Highway 20, providing access to Waterloo, Cedar Falls, and the broader Cedar Valley region. The surrounding area includes a mix of retail, service, and residential uses that support ongoing commercial demand. Within a five-mile radius, the property serves a population of 72,988 residents and 31,892 households, providing a broad customer base for restaurant, retail, or service-oriented concepts.
Situated on approximately 0.95 acres, the asset offers visibility within an active commercial environment and may appeal to owner-users, investors, or operators seeking a freestanding location with existing restaurant improvements. The combination of established retail co-tenancy, regional roadway access, and a proven restaurant layout creates flexibility for a variety of future business strategies while benefiting from Waterloo's role as a regional retail destination.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,821 SF
Building Class
B
Year Built
2007
Price
$1,200,000
Price Per SF
$425.38
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.95 AC
Amenities
- Restaurant
- Drive Thru
- Awning
Property Taxes
| Parcel Number | 8813-10-127-006 | Improvements Assessment | $478,620 |
| Land Assessment | $475,500 | Total Assessment | $954,120 |
Property Taxes
Parcel Number
8813-10-127-006
Land Assessment
$475,500
Improvements Assessment
$478,620
Total Assessment
$954,120
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