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- LoopNet Team
4954 86th St
Urbandale, IA 50322
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Freeway Visibility
- Pylon Sign
ABOUT 4954 86TH ST , URBANDALE, IA 50322
The Subject property is a triple net leased property operated by experienced Pizza Ranch franchisees in Urbandale, IA. The building was originally constructed for Pizza Ranch is 2012. There are 14.5 years left on a new 15 year NNN lease with two, five year options to renew. The NNN lease also calls for the Landlord to receive the as additional income the revenues from the game room on premise. The property is located at the 86th Street on/off ramps for I-80/35 with over 94,000 VPD. The Landlord is responsible to keep the roof, exterior walls, foundation and other structural components of the building in good repair. Additionally, the Landlord is responsible for 1/3 of cost of repair or replacement of HVAC units during the initial term of the lease onlyThis is a value add opportunity with management upside.
PROPERTY TAXES
| Parcel Number | 312-00315125202 | Improvements Assessment | $620,000 |
| Land Assessment | $1,200,000 | Total Assessment | $1,820,000 |
PROPERTY TAXES
