For Sale
$428,500

1002 Jeffreys Dr Osceola, IA 50213

High-Yield QSR Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional sale-leaseback opportunity presents a 2,520-square-foot Pizza Hut restaurant located at 1002 Jeffreys Dr, Osceola, IA 50213. Built in 1975, this single-story building sits on a 0.618-acre lot and boasts a strong 7.00% cap rate, generating a net operating income (NOI) of $30,000. The property features a lease expiring December 31, 2032, providing a substantial remaining lease term of 8.1 years with a favorable 1% annual rent increase. The asking price is $428,500, translating to a price per square foot of $170.04. This investment is further enhanced by the presence of a seasoned, multi-unit operator (30+ units) and the availability of seller financing. The property's strong financials, coupled with the established brand recognition of Pizza Hut and the long-term lease, make this a compelling investment opportunity in the thriving Osceola, Iowa market. This sale-leaseback transaction offers a secure and profitable investment with significant upside potential. The property's location in Clarke County provides convenient access to a substantial customer base.

Highlights

  • Sale-leaseback opportunity expiring December 31, 2032.
  • Rent escalates 1% annually.
  • Strong rent-to-sales ratio.
  • Experienced multifamily operator with 30+ units.
  • Seller financing offered.

Property Details for 1002 Jeffreys Dr

Property type
Retail properties, Restaurants
Square Feet
2,520 SF
Year Built
1975
Stories
1
Lot Size (sq. ft)
26,920 SF

Location Insight

City
Osceola
County
Clarke
State
Iowa
Latitude
41.029463334325
Longitude
-93.779743792328

FAQs

What type of property is this?
Retail property - High-Yield QSR Investment Opportunity
Where is the retail property located?
The property is located at 1002 Jeffreys Dr Osceola, IA.
What is the asking price?
The asking price for this property is $428,500.
What are key features of this property?
This property features: Sale-leaseback opportunity expiring December 31, 2032.; Rent escalates 1% annually.; Strong rent-to-sales ratio.
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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1002 Jeffreys Dr
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