For Sale
$295,000

609 Taylor St Creston, IA 50801

High-yield, multi-tenant storefront in Creston, IA

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 5,483 square foot, multi-tenant retail storefront located at 609 W. Taylor Street in Creston, Iowa. The property, built in 1950 and renovated in 1971, sits on a 0.46-acre lot and boasts 100% occupancy with a strong, long-term lease in place with NuCara Home Medical. This Class C building offers a compelling net lease investment structure (NNN) with a current cap rate of 12.56%. The asking price is $295,000. Strategically positioned along Highway 34, within Creston's main commercial corridor, the property benefits from high visibility and significant daily traffic. The property features ample off-street parking, adding to its convenience and appeal. This is an owner/user investment opportunity with two tenants. The building's prime location and strong tenant occupancy make it an attractive investment for those seeking a stable, high-return property in a thriving Iowa market. The property's size and layout offer flexibility for potential future expansion or adaptation to changing market demands. This is a rare opportunity to acquire a well-established, income-producing retail property in a desirable location. The property's solid financial performance and potential for future growth make it an ideal addition to any investment portfolio.

Highlights

  • $295,000 asking price for a 5,483 square foot building.
  • 12.56% capitalization rate.
  • 0.46-acre lot (20,160 square feet).
  • Building constructed in 1950 with additions in 1971.
  • Nu Cara Home Medical is the current tenant.
  • High traffic count of 10,000 vehicles per day (VPD, 2016 data).

Property Details for 609 Taylor St

Property type
Retail properties, Retail space
Square Feet
5,483 SF
Class
C
Year Built/Renovated
1950/1971
Lot Size (sq. ft)
20,038 SF

Location Insight

City
Creston
County
Union
State
Iowa
Latitude
41.0492298
Longitude
-94.36815814

FAQs

What type of property is this?
Retail property - High-yield, multi-tenant storefront in Creston, IA
Where is the retail property located?
The property is located at 609 Taylor St Creston, IA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: $295,000 asking price for a 5,483 square foot building.; 12.56% capitalization rate.; 0.46-acre lot (20,160 square feet).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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609 Taylor St
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