1020 West St Grinnell, IA 50112

This exceptional investment opportunity presents a 1,604 square foot Taco Johns quick-service restaurant situated on a 14,025 square foot lot at 1020 West Street in Grinnell, Iowa. Built in 1989, this single-story building boasts a strong 6.69% cap rate and is priced at $1,300,000 ($810.47 per square foot). The property enjoys a highly visible location in the heart of Grinnell, conveniently positioned on West Street, just off Highway 6. Its proximity to key demographics is a significant advantage, with close proximity to Grinnell College, Grinnell High School, Fareway Grocery, and a Walmart Supercenter. Furthermore, its location just three miles north of Interstate 80 ensures excellent accessibility and high traffic volume. This established, single-tenant property offers a compelling investment prospect with a proven track record and significant potential for future growth. The property's strong location and favorable cap rate make it an attractive addition to any investment portfolio. The sale includes the building and land. Detailed financial information is available upon request.