2201 Oak St Algona, IA 50511

This exceptional investment opportunity presents a 31,200 square foot warehouse in Algona, Iowa, currently operating at 100% occupancy under a 15-year absolute NNN lease with Stueve Construction, LLC. The lease boasts a 7.75% cap rate and a substantial $620,000 annual net operating income (NOI), with built-in 2% annual rent bumps. The single-story building, constructed in 1995, sits on a 9.18-acre lot and features five dock-high doors and a 14-foot ceiling height. The property is zoned for commercial/industrial use and serves as the headquarters for Stueve Construction, a leading provider in the fertilizer storage construction market, ensuring a mission-critical tenancy. The lease includes two 5-year renewal options, providing long-term stability and a hedge against inflation. The asking price is $8,000,000, translating to $256.41 per square foot. This fee-simple ownership offers a secure, passive investment in a growing industry, backed by a corporate guarantee and a tenant with a proven track record and significant revenue. The property's strategic location in Kossuth County, Iowa, further enhances its appeal. This is a rare opportunity to acquire a high-performing, net-leased industrial asset with significant upside potential.