2500 Center StMarshalltown, IA 50158

Property Details for 2500 Center St

Year built

1972

Lot size

7.51 AC

Property size (Sq ft)

328,739 SF

Property type

Super regional malls

APN

8318-11-252-008

APU

831811252008

Description

This exceptional investment opportunity presents a 2,990-square-foot Arby's restaurant located at 2500 S Center St, Marshalltown, IA 50158. The property sits on a 0.54-acre lot and boasts a strong 6.50% cap rate, generating a net operating income (NOI) of $49,355. Built in 1980, this single-tenant, net-leased property enjoys 100% occupancy with a long-standing tenant—over three decades of successful operation. The tenant's sales have consistently exceeded the breakpoint in recent years (2020, 2021, and projected for 2022), resulting in additional rental income beyond the base rent, currently below market rates compared to national averages. This strategic location is an outlot to the Marshalltown Shopping Mall, a 345,500-square-foot center anchored by major tenants including Hobby Lobby, Shoe Sensation, Planet Fitness, and a local movie theatre, ensuring high visibility and foot traffic. The asking price is $759,307, translating to $253.95 per square foot. This property is an ideal investment for those seeking a stable, income-producing asset with significant upside potential. The property's strong performance and prime location make it a compelling investment opportunity.

Location Insight

City

Marshalltown

County

Marshall

State

Iowa

Latitude

42.0155

Longitude

-92.9099

CBSA code

32260

CBSA name

MARSHALLTOWN, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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