511 32Nd St Fort Dodge, IA 50501

This exceptional investment opportunity presents a single-tenant, 5,342 square foot restaurant located at 511 South 32nd Street, Fort Dodge, Iowa. The property boasts a strong 7.25% cap rate, generating a net operating income (NOI) of $157,812. Secured by an absolute NNN lease with a prominent, growing restaurant operator, the lease has approximately 8 years remaining on a 20.3-year term, expiring October 31, 2032. The lease commenced August 1, 2012, and includes annual rent increases. Situated on a 1.83-acre lot, this single-story, 2012-built structure is zoned for commercial use and features a membrane roof. The property's asking price is $2,176,717, translating to $445.53 per square foot. Annual property taxes are $31,688. This is a stabilized investment with 100% occupancy, offering a secure and lucrative return for the discerning investor. The property's location in Fort Dodge, Webster County, Iowa (zip code 50501) provides excellent access and visibility.