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600 W Taylor St 6,000 SF 100% Leased Retail Building Creston, IA 50801 $592,147 ($98.69/SF) 8% Cap Rate

Investment Highlights
- 8.00% Cap Rate | $592,147.06 Asking Price - An accessible entry price point offering strong current yield in a stable, fully occupied asset
- Newer Vintage Construction (2004) - Minimal deferred maintenance with little to no anticipated near-term capital expenditure requirements
- High-Traffic Corridor Location-Direct frontage West Taylor Street at US Route 34, with combined traffic counts exceeding 18,500 VPD at immediate inter
- 100% Occupied, Four-Tenant Retail Center - Diversified tenant mix spanning healthcare, wireless retail, insurance, and specialty retail
- National Regional Credit Tenants-Athletico Physical Therapy(900 locations)Russell Cellular, authorized Verizon Premium Retailer operating in 23 states
- Creston functions as the dominant retail, healthcare, and service hub for the surrounding rural trade area, providing institutional demand
Executive Summary
600 W Taylor Street is a 6,000-square-foot multi-tenant retail strip center situated along the primary commercial corridor in Creston, Iowa, the Union County seat. Built in 2004, the property is 100% occupied by four tenants representing healthcare, wireless retail, insurance, and specialty retail - a complementary mix that generates consistent consumer traffic across all day parts. The center benefits from direct frontage on West Taylor Street at its intersection with US Route 34, Creston's primary east-west arterial, with combined counts at the immediate intersection exceeding 18,500 vehicles per day. The asset is offered at an 8.00% cap rate with an asking price of $592,147.06, generating $47,371.77 in net operating income. Creston serves as the commercial and governmental center of Union County in southwest Iowa, drawing consumers from a broad rural trade area. The property is positioned within 0.04 miles of US Route 34, and regional traffic corridors - including New York Avenue and South Sumner Avenue - record counts between 8,200 and 9,100 VPD within 0.30 miles of the site, reflecting Creston's role as the dominant retail destination for the surrounding region.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
6,000 SF
Building Class
C
Year Built
2004
Price
$592,147
Price Per SF
$98.69
Cap Rate
8%
NOI
$47,372
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.65 AC
Opportunity Zone
Yes
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $688,540 | |
| Land Assessment | $207,980 | Total Assessment | $896,520 |
Property Taxes
Parcel Numbers
Land Assessment
$207,980
Improvements Assessment
$688,540
Total Assessment
$896,520
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600 W Taylor St
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