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Abelardo's 1300 Lake Ave

3,499 SF Retail Building Storm Lake, IA 50588 $841,403 CAD ($240 CAD/SF) 7.01% Cap Rate

Retail Space Iowa Storm Lake 1300 Lake Ave, Storm Lake, IA 50588

Investment Highlights

  • Personal Guaranteed Lease Backed by Over 40 Units.
  • 5-Mile Population is Over 12,000 People.
  • Outparcel to HyVee Grocery (Iowa's Largest Grocer) and Bomgaars (Prominent Regional Farm and Outdoor Supplier).
  • Situated in Storm Lake's Main retail Trade Corridor.
  • Low Rent at Only $12/SF.
  • Nearby Retailers Include: HyVee, Walmart, Arby's, Anytime Fitness, McDonald's, Walgreens, Maurices.

Executive Summary

Abelardo's for sale in Storm Lake, IA. Investment NNN opportunity.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,499 SF
Building Class
C
Year Built/Renovated
1997/2023
Price
$841,403 CAD
Price Per SF
$240 CAD
Cap Rate
7.01%
NOI
$58,997 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
0.99 AC
Zoning
CC - Commercial Corridor
Parking
45 Spaces (12.86 Spaces per 1,000 SF Leased)
Frontage
182 ft on Lake Avenue North

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PROPERTY TAXES

Parcel Number 10-34-184-007 Improvements Assessment $481,101 CAD
Land Assessment $163,367 CAD Total Assessment $644,469 CAD

PROPERTY TAXES

Parcel Number
10-34-184-007
Land Assessment
$163,367 CAD
Improvements Assessment
$481,101 CAD
Total Assessment
$644,469 CAD
(248) 702-0288

  • Listing ID: 31353566

  • Date on Market: 2024-03-28

  • Last Updated:

  • Address: 1300 Lake Ave, Storm Lake, IA 50588

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Abelardo's | 1300 Lake Ave
(248) 702-0288 x

Abelardo's | 1300 Lake Ave

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Deno Bistolarides

(248) 702-0288

(248) 702-0288

Grant Kallevig

(651) 370-2142

(651) 370-2142

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