406 Fremont St, Shenandoah, IA 51601
632 SF | Retail Building | Shenandoah, IA 51601 | $445,000 ($704/SF) | 7.01% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $445,000
- Property Type
-
Retail
- Square Feet
- 632 SF
- Price / Square Foot
- $704
Listing Contacts
Sam Seelenfreund
Verified Profile
- Property Info
Property Overview
Ground Lease Drive-Thru opportunity with no landlord responsibilities and 10% rent increases throughout base term and options. The operator is the second largest franchisee with over 40 locations. The rent is significantly below average for Scooter’s ground lease sites and the property was newly constructed in 2022. The subject property benefits from being located within the Orchard Corners Shopping Center, anchored by a strong performing Hy-Vee grocery store, Tractor Supply Co. and McDonald’s. The property features great visibility and is located on the well trafficked S. Fremont Street.
Property Details
- Year Built
- 2022
- Stories
- 1
- Lot Size (sq. ft)
- 17,424 SF
Highlights
- Located within the Orchard Corners Shopping Center
- Well Trafficked
Nearby Properties
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