416 Cedar St | Muscatine, IA 52761
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- LoopNet Team
416 Cedar St
Muscatine, IA 52761
Kum & Go - Long Term Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ?Long Term Lease - There are just under 17 years remaining on the initial term of the lease. Which is followed by four, 5-years options.
- Strong Tenant - 400+ Unit operator, Kum & Go is the 18th Largest Convenience Store Operator in the Nation. 2020 marks Kum & Go's 61st year in the busi
- Zero Landlord Responsibility - Absolute Triple Net Lease. There are Zero Management responsibilities, perfect for buyers looking for a “hands-off” inv
- ?Rental Increases - 7.5% Rental increases every five years during the base term. 5% Rental increases every five years during the option periods.
- Essential Amazon Proof Business - The subject property has remained open and has paid rent in full and on time every month throughout the mandatory st
- Potential for Accelerated Bonus Depreciation. (Please consult your tax attorney or accountant)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
6,210 SF
Building Class
C
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.97 AC
Zoning
C2
AMENITIES
- 24 Hour Access
PROPERTY TAXES
| Parcel Number | 0835453013 | Improvements Assessment | $1,980,650 |
| Land Assessment | $711,550 | Total Assessment | $2,692,200 |
PROPERTY TAXES
Parcel Number
0835453013
Land Assessment
$711,550
Improvements Assessment
$1,980,650
Total Assessment
$2,692,200
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