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- LoopNet Team
715 Lang Creek Ave
Grinnell, IA 50112
Kum & Go - 7.00% CAP · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Signage
ABOUT 715 LANG CREEK AVE , GRINNELL, IA 50112
About The Investment The subject property affords investors the rare opportunity to acquire a superbly located Kum & Go. Built originally in 2005, the 4,721 square foot building has successfully operated as a Kum & Go for eleven years. The property sits on the northeast corner of Lang Creek Avenue and Hwy 146, and is visible from the I-80 which see 26,500 Vehicles per day. The lease is absolute net in nature and requires absolutely zero landlord responsibilities. There are currently over 8.8 years left on the lease. There are 1.5% annually rent increases and four five year options following the initial term. The lease is backed by Kum & Go, L.C. which has more than 430 convenience stores in 11 states (Iowa, Arkansas, Colorado, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oklahoma, South Dakota and Wyoming ).
PROPERTY TAXES
| Parcel Number | 180-3356600 | Improvements Assessment | $1,665,250 |
| Land Assessment | $1,005,810 | Total Assessment | $2,671,060 |
PROPERTY TAXES
