829 Main St Keokuk, IA 52632

This exceptional investment property, located at 829 Main Street in Keokuk, Iowa, presents a prime single-tenant retail opportunity. The 2,580 square foot building sits on a 0.34-acre lot and boasts 25 parking spaces, ensuring ample customer convenience. Currently occupied by a nationally recognized, long-term tenant, H&R Block, since 2005, this property offers a stable and predictable income stream. The building, originally constructed in 1969, underwent a complete renovation in 2005 and is scheduled for another full interior renovation in summer 2025, paid for by the tenant. Its strategic corner location at Main and 9th Streets provides excellent visibility and accessibility within a high-traffic area, further enhancing its appeal. The current lease term extends to April 2026, with a 5-year renewal option, providing investors with significant long-term stability and potential for continued cash flow. The property offers a compelling 9.14% cap rate and is listed at $405,000. The $14.35 per square foot NNN lease structure contributes to the property's low maintenance requirements and strong income potential, making it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a stable, high-performing retail property with a nationally recognized tenant and a strong track record.